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The New Normal: Monthly Mortgage Payments of $2,000+ a Month

The New Normal: Monthly Mortgage Payments of $2,000+ a Month

by Phil Hall | Sep 6, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average monthly principal and interest (P&I) payment for borrowers purchasing a home using a 30-year fixed-rate loan in July was $2,306, according to new data from Black Knight Inc., now part of Intercontinental Exchange Inc. (NYSE: ICE). That sum, which...
Mortgage Application Payments Up 17.2% From Last Year

Mortgage Application Payments Up 17.2% From Last Year

by Phil Hall | Aug 24, 2023 | Uncategorized

The national median payment made by purchase loan applicants was $2,162 during July, according to the latest data from the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). July’s payment level was mostly unchanged from June but...
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