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JPMorgan Plans $750B Through 2035 for Affordable Housing Support

JPMorgan Chase logoJPMorgan Chase
Sig5.23Sen+3.94Env0.00Soc+6.43Gov+1.18
Berkshire Hathaway logoBerkshire Hathaway
Sig3.06Sen+1.89Env0.00Soc+0.60Gov0.00

With 30-year mortgage rates near 6.65%, home values fell as inflation outpaced price gains, though home sales rose 4.5% year over year. High rates can slow originations and raise default risk. JPMorgan Chase said it will deploy $750 billion through 2035 to help build or preserve 1,000,000 affordable housing units and support 500,000 customers buying homes.

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