The typical mortgage payment is now $200 cheaper than it was several weeks ago, and homebuyers with renewed purchasing power are coming back into the market

Dec 22 2022 by Business Insider

 
Between 1950 and 2019, the researchers said, housing and other non-financial assets accounted for a majority of Black American portfolios, which wasn’t the case for white Americans

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The average rate for a 30-year fixed-rate mortgage decreased to 6.27% this week, according to the latest Freddie Mac data. Mortgage rates have now fallen for six consecutive weeks, marking the largest drop since 2008. As borrowing costs fall and buying power improves, home buyers are...
Continue Reading The typical mortgage payment is now $200 cheaper than it was several weeks ago, and homebuyers with renewed purchasing power are coming back into the market