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Mortgage payments could increase by 11% over the year

Posted by   /  November 14, 2017  /  Real Estate  /  No Comments

Builder Economic forecasts suggest that mortgage payments, which increased by nearly 10% over the past year, will increase by more than 11% before August 2018, according to CoreLogic. While home prices have risen by 6% last year, mortgages increased at an almost 10 percent rate do to mortgage rate increases. CoreLogic uses a “typical mortgage payment” […]

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Homebuyers’ mortgage payments rising faster than prices

Posted by   /  September 28, 2017  /  Real Estate  /  No Comments

down payment

Typical Mortgage Payment” Up Nearly 14 Percent Year Over Year By Andrew LePage | Corelogic Low mortgage interest rates helped soften the blow of rising prices for homebuyers over the past six years. But with prices still rising and mortgage rates running about half a percentage point higher than last summer the mortgage payments that many homebuyers […]

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