Homebuyer affordability is at a record low with the 15-year fixed-rate mortgage resting at 3.13%. A year ago monthly payments for a $200,000 15-year fixed-rate loan at 4.15% would have cost the homeowner $1,494.00, today the same loan would come to $1,394.00, a savings of $100. CNN reports that "Buying a home is now more affordable than it has been in the last … [Read more...]





