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Housing’s big hurdle is affordability

wsj

2 min read . Updated: 24 Jan 2023, 07:01 PM IST Justin Lahart, The Wall Street Journal

The weekly average rate on a 30-year fixed mortgage was 6.15%, which compares with a peak of 7.08% in early November (AP) — The weekly average rate on a 30-year fixed mortgage was 6.15%, which compares with a peak of 7.08% in early November (AP)

Home prices and mortgage rates are coming down, but not enough

Buying a home has gotten a little more affordable in recent months. Which isn’t to say that homes are affordable at all.

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