---
title: Low Mortgage Interest Rates Make Home Affordability Highest in 3 Years
description: Home affordability hit a 3-year high during the 3rd quarter of 2019 with almost 64% of households able to afford a home
---

[Financials | National Investor Network ](https://www.nationalinvestornetwork.com/financials)

# [Low Mortgage Interest Rates Make Home Affordability Highest in 3 Years](https://www.nationalinvestornetwork.com/financials/low-mortgage-interest-rates-make-home-affordability-highest-in-3-years)

 Written by [Jeff Mindham](https://www.nationalinvestornetwork.com/financials/author/jeff-mindham) | Nov 14, 2019 1:14:15 AM

Home affordability hit a [3-year high during the 3rd quarter of 2019 ](http://www.mortgagenewsdaily.com/11082019_housing_affordability.asp)with almost 64% of households able to afford a home if they earn the U.S. median income of $75,000, according to the National Association of Home Builders (NAHB). During the same period last year, only 56.4% of U.S. households could afford to purchase a home.

According to Rose Quint, author of the NAHB’s “Eye on Housing Blog”,  increased affordability is due almost exclusively to lower mortgage interest rates which have helped off-set increases in construction costs.

[View full post](https://www.nationalinvestornetwork.com/financials/low-mortgage-interest-rates-make-home-affordability-highest-in-3-years)

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