What is the point of a zero-down payment mortgage? The point is to make homeownership — to Indianapolis homebuyers or anyone — accessible to people who have challenges to saving the traditional twenty percent of the cost of a home. Since most financial institutions are not interested in assuming the risk that zero-down mortgages present, […]
With mortgage rates down to all-time lows, you can buy a lot more home for your money these days. Home affordability is at an all-time high.
Today’s mortgage rates are a bargain as compared to just 1 year ago.
For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows.
Never before in recorded history have so many homes been affordable to households earning a moderate annual income.
After a brief run-up two weeks ago, mortgage rates are back below 4 percent.
Home affordability moved higher last quarter, boosted by the lowest mortgage rates in history, a rise in median income, and slow-to-recover home prices.