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The Average Family Can Now Afford To Own Two Houses

January 30, 2013 By Problem Bank List Staff Leave a Comment

The combination of all time lows in mortgage rates along with the collapse in real estate values has resulted in all time record housing affordability. During the inflation racked 1980’s, interest rate increases by the Federal Reserve resulted in double digit mortgage rates.  High mortgage payments froze most home buyers out of the housing market […]

Filed Under: Bank Lending, Banking News, featured Tagged With: Banking News, housing, housing affordability index, housing prices

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