Posted To: MND NewsWire
Two factors appear poised to positively affect the ability of households to purchase a home according to Fannie Mae's economists. In their initial 2016 Economic Developments commentary they see further labor market tightening and subsequent increases in compensation and job security. This, coupled with indications that lenders expect to continue to ease lending standards and expand mortgage access should help the housing recovery continue to expand. Despite these positives however the economists see opposing factors pointing to constrained housing affordability, especially for first time homebuyers. These include continued strong home price appreciation outpacing income growth as well as rising mortgage interest rates. In the past homebuyers have had some measures available to them, such as...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1SmEqCE
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