I said it before and I will say it again…..The biggest threat to affordability is Interest Rates not Home Prices.  (If you are considering buying please read this info)

This is a reminder since we see that interest rates have crept back up due to inflation concerns. 

Mortgage company Freddie Mac reported yesterday that 30-year fixed-rate mortgages averaged 6.03 percent this week after three straight weeks at 5.88 percent. Rates on 30-year mortgages were last above 6 percent the week of March 16 when they averaged 6.13 percent.