Affordability is improving. Measured as a combination of housing prices and mortgage rates, affordability has improved. Mortgage rates have receded from their 20-year high last fall, while prices were down 12.3% from their high last June.

The market is responding. The number of existing home sales decreased for 12 consecutive months through January, but volume picked up again in February in response to the better market conditions for buyers. Sales were up 14.5% from the previous month. Spring brings the start of the homebuying season, so it is beneficial to understand your financing options and be prepared.

Get pre-qualified to enter a more hospitable housing market today. The experts at National Iron Bank can ensure you are prepared to make an offer on the home of your dreams. Click here to learn more!

Excerpt from Wall Street Journal