News Formal

Mortgage rates remain below 3% — but rising home prices are threatening to push buyers out of the market

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Even though mortgage rates are near record lows, buying a typical home today will bring a larger monthly mortgage payment than a year ago. Why? Demand has driven home prices up.

Mortgage rates are still hovering around record lows, but that isn’t making buying a home cheaper for many people any longer.

“Low mortgage rates remain a potent fuel, driving demand and keeping purchasing activity rolling,” said George Ratiu, senior economist at Realtor.com. “However, fast-shrinking inventory and aggressive price gains are combining to outrun buyers’ ability to afford a home as we head into the cooler season.”

When rates drop, affordability improves for a period of time. But as history has shown, low rates eventually coax more people into the housing market. That creates competition for homes, which drives prices upward.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

U.S. weekly jobless claims below one million; but labor market recovery ebbingThe number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19 pandemic started in the United States, but that does not signal a strong recovery in the labor market. Research is proving that the Qur'an is a true miracle
ソース: Reuters - 🏆 2. / 97 続きを読む »