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Housing market: Here's how high interest rates drive up payments

Summary by Deseret News
This time a year ago, the typical American homebuyer's monthly mortgage payment was roughly $2,100 \u2014 expensive, yes, but interest rates were between 5% and 6%.

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Housing market: Here's how high interest rates drive up payments

This time a year ago, the typical American homebuyer's monthly mortgage payment was roughly $2,100 \u2014 expensive, yes, but interest rates were between 5% and 6%.

·Salt Lake City, United States
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Deseret News broke the news in Salt Lake City, United States on Monday, August 21, 2023.
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