With the strong possibility that mortgage rates will continue to fall, some analysts believe that 6.3% could be an important delineation that will bring more homes onto the market.
These ten metro areas are believed to bring in the highest percentage point change in affordability if rates drop to 6.3%. The percentage point change is included.
- Lakeland, FL – 5.9%
- Salt Lake City, UT – 5.7%
- El Paso, TX – 5.4%
- Raleigh, NC – 5.2%
- Deltona, FL – 5.0%
- Providence, RI – 5.0%
- Boise City, ID – 4.9%
- Palm Bay, FL – 4.9%
- Ogden, UT – 4.9%
- New Haven, CT – 4.9%