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Affordable homes in 2022? Yes – in these markets

July 22, 2022 affordability, buying, homeready, rates, the morty report


What does affordability look like to you?

A list of the “Top 10 Affordable Cities for Middle-Class Homebuyers” certainly sounds promising for buyers chasing affordability – but what does that actually mean?

Affordability differs from market to market, and the homebuying equation is still complex. Factors like rising rents, high inflation and economic uncertainty are still impacting buyers across the board. That said, inventory is ticking up gradually in some markets, which could relieve some pressure on buyers.

But it’s important not to focus solely on the state of the current market. Ultimately, defining what affordability means to you requires an understanding of your own finances and some planning ahead – great places to start if you haven’t already.

– Robert Heck, Vice President of Mortgage @ Morty

Not sure what to do?

We can help! Drop us a line on Twitter @himorty or email MortyReport@morty.com

Read more of Robert’s recent insights:

Should You Buy a Home in 2022 or Wait? 3 Factors to Consider
5 Signs the Housing Market Is Finally Cooling Down
Top 10 Affordable Cities for Middle-Class Homebuyers

In case you missed it…

  • Is an extended mortgage rate lock a good option for you? Check out this primer for some pros and cons.
  • In thinking about affordability, low-down payment options like HomeReady could be worth considering.
  • We now offer more competitive pricing on loan amounts between $100,000 and $300,000. Get started with your personalized loan options.

Looking at homes this weekend? Did you know that you can close in under 14 days?

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The Morty Report affordability, buying, homeready, rates, the morty report

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Morty is a licensed mortgage broker. NMLS ID # 1429243. NMLS Consumer Access. All loans originated by Morty are funded by third party lenders. Morty, Inc. is authorized to do business as “Morty” in certain states. Morty is an equal housing lender.

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