Jill Schlesinger Breaks Down Housing Affordability, Mortgage Rates and When to Refinance

Jill Schlesinger of JillOnMoney.com discusses mortgage rates falling below 6% for the first time in more than three years and what that means for spring homebuyers and sellers. She explains how affordability is measured, why rising home prices and insurance costs still strain budgets, how much to put down in today’s market, and provides a simple formula to decide whether refinancing makes financial sense.