Tag Archive: Housing Affordability

Mortgage Rates Continue to Rise

Last week I did a post highlighting the rise in interest rates over the course of the previous 5 days. Well the trend has continued. The rate which had gone up from 4.17% ┬áto 4.51% in under five days is now up to 4.625%. The current rate includes one discount point (1% of the loan…

Home Buying: The Current Affordability Argument

If you know me, or have worked with me as a client you know that I do not take affordability in housing lightly, and I do not believe that the market really determines affordability on an individual level. More than anything housing affordability is relative to ones own personal and/or household circumstance. Clearly this topic…