"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.
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Homebuyers’ Monthly Payments Hit All-Time High Amid Rising Rates
Inflated mortgage rates and home prices pushed monthly housing payments to a record high of nearly $2,600, according to a new report from Redfin.
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