With average 30-year mortgage rates reaching 7.79 percent in October – the highest level since 2000 – lenders were forced to get creative financing homes, leading to high customer satisfaction in 2023.
Recent declines in mortgage rates have helped improve affordability somewhat according to a new analysis by economists at real estate listings portal Zillow.
Aspiring homebuyers with medical debt are more likely than others to be denied a mortgage, while those with student loan debt more often put off buying.
A new study from the Harvard Joint Center for Housing Studies has found the large number of Millennials entering prime first-time homebuying age in recent years has not compensated for the decline in first-time homebuying caused by the smaller Generation X from 1997 to 2013.
