Monthly Housing Payments Hit All-Time High, Home Affordability Affected
By Naveen Athrappully Americans now have to spend more money while buying homes as elevated property prices and mortgage rates have pushed up monthly payments to new highs, according to real estate brokerage Redfin. “The typical U.S. homebuyer’s monthly housing payment hit an all-time high of $2,807 during the four weeks ending March 23, up 5.3% from a year earlier,” the company said in…
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