US EditionProspective Georgia Homebuyers Face 59.7% Mortgage Payment Increase Compared to Three Years Ago
- From early 2022 to early 2025, mortgage payments on median-priced homes in the U.S. Increased by approximately 59% nationwide.
- This increase followed mortgage rates soaring 80% from 3.8% to 6.8% and median home prices rising from $317,185 to $357,138 during the same period.
- Construction Coverage analyzed Freddie Mac and Zillow data, revealing that East Coast states like Connecticut and New Hampshire experienced over 70% mortgage payment climbs.
- Mortgage payments rose from $1,177 to $1,870 monthly nationally, with rates reaching 6.7%, the highest since 2002 and over 2.5 times higher than early 2021 lows.
- These trends suggest significant affordability challenges for prospective buyers and highlight regional disparities in the U.S. Housing market.
17 Articles
17 Articles
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