Monthly Mortgage Payments Homebuyers Face Likely To Rise At Much Slower Pace This Year, Rate And Home Price Forecasts Suggest
from CoreLogic
– this post authored by ANDREW LEPAGE
While the nation’s median home sale price rose about 4 percent year over year in January 2019, the principal-and-interest mortgage payment on that median-priced home increased almost 11 percent because mortgage rates rose by half a percentage point over that period. However, rates continued to ease after January this year and some mortgage rate and home price forecasts suggest payments will rise at a much slower pace through 2019, which would help fuel sales.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201905110525
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