Rates, home prices increase affordability 

Screen Shot 2016-02-21 at 11.06.31 AMBy Matthew Graham | Mortgage News Daily

Both lower home prices and decreasing interest rates contributed to an increase in home affordability during the fourth quarter of 2015 according to the National Association of Home Builders (NAHB).  The NAHB/Wells Fargo Housing Opportunity Index (HOI) rose from 62.2 percent in the third quarter to 63.3 percent in the fourth.

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