Low mortgage rates are helping to make homes more affordable. It appears home buyers have taken notice.
Never before in recorded history have so many homes been affordable to households earning a moderate annual income.
Mortgage rates fell to a new all-time low last week. Not everyone can get access, however.
The Federal Open Market Committee released its April 2012 meeting minutes this week, revealing a Federal Reserve in the ready for additional monetary stimulus.
The new construction housing market continues to improve.
After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29.
Home affordability is receiving a boost from across the Atlantic Ocean this spring.
Conforming mortgage rates edged higher last week.
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