Affordability has improved in the mortgage market since December, thanks to declines in mortgage rates and a slowdown in home price appreciation. 

Here’s a spoiler: Industry experts believe this trend will continue for months, signaling that a good spring is ahead. 

“It’s been the rise in prices [and] interest rates that have constrained affordability,” Doug Duncan, senior vice president and chief economist at Fannie Mae, said in an interview. 

However, if the U.S. economy goes through a mild recession, as the economist expects, mortgage rates are likely to come down as a function of the details ⇒

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