•Mortgage rates continue to be at or near historical lows

•Low rates and recalibrated home pricing is driving the highest level of “home affordability” in the history of this index

•The challenge to the buying opportunity created by high affordability is relatively low consumer confidence given the economic recovery we are in

•High affordability struggles with low consumer confidence which will have greater influence on the consumer

•The “Big Choice” – Don’t end up paying more to own a home by waiting to maybe buy it for less in the future.

Mortgage interest rates