Rising Home Prices Drive Up Mortgage Costs

Amid rising home prices, the average mortgage payment has increased by $50 over the last six weeks as sellers’ median asking price increased 12% year over year to a new record high according to a new report from Redfin.  Even though median asking prices are at record-highs, houses are still being purchased at a blistering pace—46% of homes …

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Source: DS News

2021-10-08T13:46:54-06:00