US Home Affordability Indicator Worsens for First Time in Nearly Three Years
WFC Wells Fargo & Co
$83.70 -2.61%
View chart & analysis → - 1A key US home-affordability indicator has worsened for the first time in nearly three years
- 2The monthly payment on a median-priced $410,700 home in Q2 rose to 34% of typical household income, up from 32% in Q1
- 3Mortgage rates on 30-year loans climbed to roughly 6.8% on Iran war fears, nearing a one-year high, while the median new-home price also rose 2%
This 3-line summary is compiled from the report below.
Bloomberg View original ↗
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