The worst for mortgages may be over, but younger borrowers still face affordability challenges
Housing Wire
FEBRUARY 12, 2024
The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. Similarly, the average loan amount rose to an average of $345,000 in the fourth quarter. “In
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