Thursday, January 14, 2010
Mortgage rates continue to be very close to their all-time lows. Low mortgage rates plus lower home prices plus higher real incomes add up to make housing much more affordable—according to the National Assoc. of Realtors' index of affordability shown here—than at any time in the past 20 years (with the exception of early last year, when mortgage rates were briefly lower than they are today).
Posted by Scott Grannis at 8:35 AM