low mortgage rates for new home builds

Housing Is More Affordable Than It’s Been in 3 Years

Due in large part to the persistent decline in mortgage rates throughout 2019, housing is now more affordable than it has been at any point in the last three years. That’s according to a new analysis of the nation’s housing market from the National Association of Home Builders and Wells Fargo. As the latest data from Freddie Mac shows, mortgage rates now sit at 3.69%, more than a full …

New Homes in Houston TX by Long Lake

National Housing Affordability Increased in Fourth Quarter of 2012

According to the National Association of Home Builders (NAHB) and Wells Fargo Opportunity Index (HOI), the fourth quarter of 2012 revealed a slight gain in nationwide housing affordability due to substantially low interest rates.  The 74.9 percent of homes sold between October and December were sold to families earning a median income of $65,000.  This was an increase of one …