NAR: Housing affordability has increased due to better rates

According to the National Association of Realtors, housing affordability jumped 10% in June from a year earlier, with the drop in mortgage rates making it easier for people to buy homes. Don’t miss out on this opportunity!

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NAR: Cheap mortgage rates are improving home affordability
“The cheapest financing in almost three years is making it easier for Americans to buy homes. The Housing Affordability Index from the National Association of Realtors increased to 151.9 in June from 137.7 a year earlier in June. That’s a jump of 10 percent. A higher reading means homes are getting more affordable, per NAR’s magic sauce that measures prices, incomes and financing costs. “