JPMorgan Plans $750B Through 2035 for Affordable Housing Support
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.