Gå offline med appen Player FM !
Jumbo Loans Under Pressure from Rising Home Prices and Their Impact
Manage episode 440720811 series 3270185
The average price for an entry-level home has reached $450,000 with an interest rate of over 7%, resulting in a monthly mortgage payment close to $4,000. This price point may be unaffordable for many prospective buyers, yet homes must continue to sell. One strategy to maintain affordability is to extend the duration of the mortgage. Let's explore what this could entail.
1309 episoder
Manage episode 440720811 series 3270185
The average price for an entry-level home has reached $450,000 with an interest rate of over 7%, resulting in a monthly mortgage payment close to $4,000. This price point may be unaffordable for many prospective buyers, yet homes must continue to sell. One strategy to maintain affordability is to extend the duration of the mortgage. Let's explore what this could entail.
1309 episoder
Alle episoder
×Velkommen til Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.