Almost one of every three households could afford to buy the median-priced home during the fourth quarter, thanks to lower mortgage rates and stable prices.
Long-term mortgage rates inched lower for the period ending May 16, giving home-shoppers a bit more buying power.
30-year: 4.07% vs. 4.10% a week ago
15-year: 3.53% vs. 3.57% a week ago
Source: Freddie Mac
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