Good News on the Mortgage Front
In 2011 the financial ability for Americans to buy a home reached its highest level in 30 years. “housing affordability” considers home prices, mortgage rates and family income. The study shows that in the first half of 2011 the typical mortgage payment for the purchase of a median priced home is only 13% of gross household income, the lowest since recordkeeping began in 1970.
This might be “The Perfect Storm” (the convergence of lower prices and low mortgage rates ) to look into buying your first home. You can contact Dan at 781-738-6899 or firstname.lastname@example.org