Housing and Mortgages – 2013

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According to Kiplingers – June 7, 2013

  • Only 13% of median family income is being chewed up my mortgage payments – compared with 24% in 2006.
  • The no-documentation, interest-only loans of the 2000’s have entirely disappeared.
  • Interest rates are likely to stay low for some time – edging toward 4% by January

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