The median monthly housing payment for U.S. homebuyers has reached a record high of $2,775, marking a significant increase in the housing market. This rise in housing payments reflects the ongoing trend of escalating home prices and mortgage rates impacting buyers nationwide.
Key points:
– Median monthly housing payment for U.S. homebuyers hits record high at $2,775
– Reflects increasing home prices and mortgage rates impacting buyers
– Indicates a challenging housing market for prospective buyers across the country
You can read this full article at: https://www.housingwire.com/articles/elevated-mortgage-rates-home-prices-harm-affordability-redfin/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
