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If you make $95k, here’s what you need to know about your homebuying power. Your actual qualifying amount can vary depending on your loan program and financial picture. We also need to take into account the monthly payment that feels good and your long-term financial goals, so let’s chat before you start looking. For educational and illustrative purposes only. 45% DTI is an example, not a guaranteed qualifying limit. Actual qualification varies by borrower and loan program. Steph Noble NMLS 1290
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The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact borrowing costs across the economy, hit multi-decade highs. Amna Nawaz discussed more with David Wessell of the Hutchins Center on Fiscal and Monetary Policy. #pbsnews #pbsnewshour #mortgage #housing #pbs
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