Bankrate, New York, released its 2025 Housing Affordability Study, finding that prospective homebuyers need an annual income of $116,986 to afford the typical U.S. home.
Tag: Bankrate
Home Improvements Top Reason to Tap Home Equity, Bankrate Reports
More than half of current homeowners (55%) see home improvements or repairs as a good reason to access built-up home equity, according to Bankrate, New York.
Bankrate: Mortgage Lock-In Effect Unlikely to Ease Soon
Nearly half of current homeowners say mortgage rates need to be below 5% for them to be comfortable purchasing a new home, while 38% say they need rates to be below 4%, according to Bankrate, Charlotte, N.C.