Mortgage Rates Hit 6.33%: Here’s Why Home Affordability Just Jumped 9 Points
Mortgage rates have decreased to 6.33%, leading to a significant increase in the Housing Affordability Index. This improvement is attributed to rising disposable income and lower mortgage costs, making homeownership more accessible. However, economic indicators suggest that these gains may be temporary due to declining consumer sentiment and rising inflation.
- ▪The Housing Affordability Index rose to 110.6 in April 2026, up from 101.4 a year prior.
- ▪30-year mortgage rates fell to 6.33%, contributing to improved homebuyer conditions.
- ▪Per capita disposable income increased to $68,617, supporting the affordability index.
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Mortgage Rates Hit 6.33%: Here’s Why Home Affordability Just Jumped 9 Points phototechno / iStock via Getty Images David Beren Sun, May 24, 2026 at 10:16 AM PDT 6 min read Quick Read The National Association of Realtors’ Housing Affordability Index surged to 110.6 in April 2026 from 101.4 a year prior, driven by 30-year mortgage rates declining 40 basis points to 6.33% while per capita disposable income rose from $66,095 to $68,617 and average hourly earnings increased from $36.12 to $37.41.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Yahoo Finance.