Attractive monthly payments–a long-time lever based on low, low mortgage rates–start to get more daunting as interest rates inch upward.
By John McManus | Builder
For a few weeks to come, anyway, the needle of builder anxiety over whether a potential buyer can get approved, processed, and financed for an FHA or VA-backed mortgage will move back into a normal range, and worries can focus instead on normal everyday challenges.
Like what’s happening to affordability right at the moment people start seeing more cash in their paychecks as a result of newly effective lower tax rates?
