First-Time Homebuyers Need More Than Just Lower Mortgage Rates

Cheaper mortgages help current borrowers, but prices of homes are rising making it difficult to afford.

By Prashant Gopal | August 23, 2019 at 10:00 AM

Mortgage rates in the U.S. dropped closer to historic lows this week, but that may do little to help first-time buyers as starter homes vanish.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com

NOT FOR REPRINT

By Jim DuPlessis | November 18, 2024

However, they are planning to defend against an expected assault by bankers on their tax-exempt status after Trump is sworn in.

By Peter Strozniak | November 18, 2024

The combined financial cooperative would manage a projected $965 million in assets and serve more than 70,000 members.

By Katanga Johnson | November 18, 2024

More than two out of three households in the U.S. preferred digital banking in 2023.

eBook

Credit Union Times

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now