According to a recent MBA report, homebuyer affordability conditions have continued to decline as mortgage rates have remained above 7% in April. This trend is likely impacting the ability of potential buyers to enter the housing market and purchase homes.
Key points from the report include:
– Mortgage rates have stayed above 7% in April
– Affordability conditions for homebuyers have worsened
– Potential buyers may face challenges in entering the housing market and purchasing homes
You can read this full article at: https://www.housingwire.com/articles/mortgage-payments-increased-6-8-annually-to-2256-in-april/(subscription required)
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