Homebuyers’ mortgage payments rising faster than prices

down payment

down paymentTypical 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 face have increased at roughly double the rate of home prices over the past year.

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