Mortgage Rates Archive

November 2014 Housing Affordability Index

At the national level, housing affordability is down from a year ago for the month of November as higher prices make it less affordable to purchase a home despite the lowest mortgage rates in the last 16 months. •...

Low Interest Rates

Interest rates tend to be very low when there are problems and desperations in the economy.  The economy in the meantime has moved into higher gear.  GDP is expanding robustly and jobs are coming around nicely.  But the overall...

The Latest on Consumer Inflation

Lower gasoline prices are contributing to low overall consumer price inflation.  Low inflation in turn means interest rates can continue to remain at rock bottom rates.  However, one weighty component in consumer prices shows an accelerating trend:  namely, rents...

Inflation and Mortgage Rates

There is no consumer price inflation to speak of – as of yet.  Even the expectation of future inflation rates remains low.  This is the key reason as to why mortgage rates remain at historically low rates and why...

Affordability in Monthly Mortgage Payments

Home prices have rebounded nicely with the latest median home price on a single-family home at $220,600 in the U.S., up from around $160,000 just few years ago. Such a robust price gain from the trough would imply less...