• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Currency Pairs
  • Charts
    • Candlesticks
  • Trading Strategies
    • Day Trading
    • Swing Trading
    • Scalping
  • Technical Analysis
  • Fundamental Analysis

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Welcome
  • Forex Glossary
  • Forex Basics
    • Trading Tips
  • Forex Brokers
    • Best Forex Brokers
    • All Forex Brokers Reviews
  • Forex Robots
    • Best Forex Robots
    • All Forex Robots Reviews
    • All Forex Signals Reviews
  • Forex News
  • Mustreads
  • CONTACT US

U.S. Record-low Mortgage Rates Push House Affordability Unexpectedly Lower

January 4, 2021 by Forex Winner Leave a Comment

U.S. Record-low Mortgage Rates Push House Affordability Unexpectedly Lower

U.S. home buyers needed to spend almost 30% of their average wage to afford a typical house in the fourth quarter, according to Bloomberg. The rate is the biggest share since 2008 despite borrowing costs hitting a record low of below 3% for a 30-year loan.

U.S. Record-low Mortgage Rates Push House Affordability Unexpectedly Lower
  • Analysts link low mortgage rates to the fall in affordability as it spurred a buying frenzy, driving prices up as buyers competed for a shrinking supply of house listings.
  • During the pandemic, housing prices rose faster than earnings, hitting double digits in 79% of 499 countries.
  • Todd Teta, chief product officer at Attom, feels “the future remains wholly uncertain and affordability could swing back into positive territory.”

SPDR S&P Homebuilders ETF is currently declining. XHB is down 0.88%

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

four + one =

Primary Sidebar

Latest News

COVID-19 Crisis Cost the Global Economy About 255 Million Jobs-ILO

COVID-19 Crisis Cost the Global Economy About 255 Million Jobs-ILO

January 25, 2021

U.S Existing Home Sales Gained 0.7% in December, 2020 Sales Highest Since 2006

U.S Existing Home Sales Gained 0.7% in December, 2020 Sales Highest Since 2006

January 22, 2021

U.K Private Sector Output hits Steepest Fall Since May, Enters Contraction Zone

U.K Private Sector Output hits Steepest Fall Since May, Enters Contraction Zone

January 22, 2021

Reviews

IG Group

IG Review

Review by Forex Winner
May 20, 2020

Pepperstone

Pepperstone Review

Review by Forex Winner
May 19, 2020

Darwinex

Darwinex Review

Review by Forex Winner
May 14, 2020

Best Forex Robots

  1. ROFX 10
  2. Forex Fury 7.7
  3. Gump EA 6.4
  4. Forex inControl Reborn 6.0
  5. Forex Robotron 6.0

Best Forex Brokers

  1. IG 9.2
  2. Pepperstone 9.0
  3. AvaTrade 8.8
  4. Forex.com 8.4
  5. Darwinex 8.2

Footer

Latest Forex Brokers

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

tastyworks

tastyworks

April 28, 2020 By Forex Winner

FxPro

FxPro Review

March 20, 2020 By Forex Winner

Latest forex robots

StrategyQuant X

StrategyQuant X Review

January 21, 2021 By Forex Winner

Siphon-X

Siphon-X Review

January 19, 2021 By Forex Winner

Screti Forex Robot

Screti Forex Robot Review

January 18, 2021 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive email updates daily and to hear what's going on with us!

Copyright © 2021 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure