PARTY LIKE IT'S 1980!

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Mortgage and Lending with Movement Mortgage NMLS# 39179 NMLS# 613321

 

 

Party Like It's 1980: Mortgage Debt Ratios at 37-year Lows

According to recently released statistics from the Federal Reserve, average mortgage payments as a percentage of disposal income have reached their lowest point since 1980.  (See chart below.) This is great news for homebuyers! 

For example, most homebuyers in each of the prior three decades would have likely spent 30% - 50% more than today’s homebuyers on their mortgage payments when calculated as a percentage of their disposable income.  This means that homes today are up to 50% more affordable than they were at various points throughout the past 37 years. 

It’s time to party like it’s 1980!  Contact me for further info or if you’d like for me to run the numbers for your situation.

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John Lemos, CMPS®
Loan Consultant
NMLS# 613321

Office: (714) 613-1664

Cell: (951) 256-0812

Fax: (714) 844-9263
Email: John.Lemos@nafinc.com

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2099 S State College Blvd, # 102
Anaheim, CA 92806

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Comments (4)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is a good thing when our debt goes down gives us more buying power

Apr 06, 2017 02:15 PM
John Lemos

I had a realtor friend of mine tell me the rising home prices could not be sustained but it looks like we still have a little ways to go! Thank you Will for your comment.

Apr 06, 2017 06:06 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

John,

What a catchy title, and I like the photo.  Thanks for the update on the mortgage rates.  A

Apr 06, 2017 03:04 PM
John Lemos

I loved those big radios and remember how much they use to cost! Thank you Alexandra for you comment.

Apr 06, 2017 06:07 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Ah, the good old days of big hair & parachute pants. Love the picture John. Nice to see something from the '80's has returned to help us all. Thanks for the update.

Apr 06, 2017 05:58 PM
John Lemos

my dad wouldnt let me wear those pants and them somehow my mom talked my dad into letting me sport them. what would we do without our moms! thank you for your comment Debe.

Apr 06, 2017 06:11 PM