Mortgage Demand Falls as Rates Move Back to Over 7 Percent theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
Monthly housing payments in the U.S. reached unprecedented levels in March, underscoring the ongoing challenges and shifts in the real estate market. The average monthly U.S. housing payment hit a record high of $2,721 for the four weeks ending March 24, a 10% increase compared to the previous year, according to real estate brokerage Redfin. Payments are high because of high mortgage rates and escalating home prices. Mortgage rates are near 7%, and the median home sale price is up 5% year over y
Down Payment on Homes Jump Nearly 25 Percent in One Year to Almost $56,000 theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.