Second quarter low rates helped keep mortgages affordable

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September 26, 2014

Purchasing a home is more affordable today than it was historically in 94 of the country’s 100 largest metro areas.

On the other hand, renting a home is less affordable today than it was historically in 88 of the country’s 100 largest markets. In California, however, rentals and for-sale affordability are worse than they used to be. 

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