First-time homebuyers: Here’s where you can find affordable housing | Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports
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Kauders thinks house prices rose from the Seventies onwards mainly because the flow of fresh mortgage lending into the system grew more or less uninterruptedly. Now, he says, we have reached ‘system.
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Sadly, though with wages stuck in a rut, that doesn’t necessarily make property more affordable. What’s that? A fence you say? Perhaps I’ll sit on it.’ Yes, it’s another mortgage giant. 2012 low.
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But those low interest rates have gone, instead, into cheap long-term mortgages. Current homeowners have refinanced, and many first-time buyers have gotten into the market because low rates make.
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