Average American Mortgage Payments Surge 96% in Four Years, Straining Homebuyers and Housing Market
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#4f691011 ver:0.95

Average American mortgage payments have surged 96% in four years, straining homebuyers and the housing market. Rising mortgage rates have made it challenging for first-time buyers, who are already facing high rates and rising house prices. While falling rates may not guarantee lower home prices, relief on mortgage rates will be key to the housing market's recovery. The average down payment for a home in major cities is now $127,000, and 43% of buyers rely on financial gifts to help with the down payment. #mortgagerates #housingmarket #homebuyers...

#newstr #MortgageRates #FinancingActivity #UsEconomy #HousingMarket #AmericanMortgagePayments 

 https://here.news/story/4f691011?ver=0.95