Source: Freddie Mac, National Association of REALTORS®

1. Where Are We Now?
Interest Rates: At Hi t i Lows
I t tR t Historic L
1 Yr. Arm 30 Yr Fixed
7.0
6.5
6.0
5.5
5.0
4.5
4.0
3.5
3.0
Source: Freddie Mac

2. Housing Affordability: Median Mortgage Payment
(Principle d I t
(P i i l and Interest) as P
t) Percent of Income
t fI
Current Average
g
30%
25%
20%
15%
10%
5%
0%
Source: NAR