Affordability + Rate Graph
Posted By Jim the Realtor On June 28, 2009 @ 10:02 am In Thinking of Buying? | 36 Comments
This plots the same SD affordability ratio (in red) and the Freddie Mac average 30-year mortgage rate for June (in blue) on the same graph.
I don’t know if it means anything, other than to recognize that this is the first time since 1980 that BOTH factors are near their lows at the same time. Sellers, in particular, should take heed.
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