Mortgage rates are falling. Here’s how much income you need now to buy a house for $250,000, $400,000 and $1 million - MarketWatch
1. Mortgage rates fell to 6.76%, the lowest in over two months. 2. Declining rates coincide with expectations of a Federal Reserve interest-rate cut. 3. Home buying activity remains low, with pending sales at an all-time low. 4. Lower rates may stimulate housing demand despite the slowing economy. 5. More homes now valued at $1 million, increasing affordability challenges.