General World News

The financial strength of US homeowners is a cushion against a downturn

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week, and now the FHFA National Mortgage Database Aggregate Statistics, we have a lot of visibility into the financial position of the American homeowner. 

The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers. These optimal mortgage conditions provide a blanket of security for any future downturn in the housing market. 

As details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com