Skip to main content

U.S. Housing Market Is Unaffordable

High housing prices, high mortgage rates and historically low inventory have created an unaffordable housing market. This is weighing on not only house hunters, but also current homeowners and real estate investors. Mortgage rates have surged during the Federal Reserve’s historic effort to curb inflation. The Fed’s actions have sent home affordability to its lowest level in almost 40 years. Tom Hutchens, the executive vice president of production for Angel Oak Mortgage Solutions weighs in on this dire sounding situation. 

Please paste immediately after the opening body tag