Mortgage rates hit their lowest point in three years, making home affordability the strongest it's been in four years. The average payment dropped 7% in the past year, and about 5 million homeowners can now refinance to lower their monthly costs.
Many buyers believe that buying a house is just too unaffordable right now. And I understand house prices have been hot the last few years. But a big thing the headlines Ms. Is that home affordability is at the best levels right now than it has been at any time in the last four years. That is in large part to mortgage rates being at their best levels and lowest levels any point in the last three years. She made the average mortgage payment across the country today 7% lower than it was this time last year. And with the rates dropping the last couple of months, it's also made almost 5 million homeowners across the country eligible to benefit from a refinance to drop their rate in payment. If you are a home buyer, you have a window of opportunity. If you currently own a home, you have all the leverage and options available to you to benefit from tapping into equity or lowering your rate in payment. Follow us for more tips that the headlines miss.
