Home Prices Ease, Rates Drop: Affordability Boost
Update: 2025-12-31
Description
Mortgage rates are dropping, home prices are easing, and theres more supply on the market, boosting affordability for homebuyers. However, saving for a down payment remains a challenge. Nationally, home prices are flat compared to a year ago, with some cities seeing gains and others posting drops. Prices are also lagging behind inflation, and the average thirty-year fixed mortgage rate has fallen to six point one nine percent. This means monthly payments for a typical home are now about two hundred dollars less than a year ago. Homeownership rates have dropped, but buyers are responding to lower rates, rising wages, and more inventory, with pending home sales jumping to the highest in nearly three years. Checkout Solipillow.com
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