US EditionProspective Georgia Homebuyers Face 59.7% Mortgage Payment Increase Compared to Three Years Ago
- The typical monthly mortgage cost for a home at the national median price has risen by almost 60% over the three years from February 2022 to February 2025, increasing from $1,177 to $1,870 across the United States.
- This rise resulted from mortgage rates climbing 80%, from 3.8% to about 6.8%, combined with a median home price increase from $317,185 to $357,138 during the same period.
- Homebuyers on the East Coast experienced the largest payment surges above 70%, while states like Missouri saw a 63.9% rise, reflecting regional variations in housing market conditions.
- Researchers at Construction Coverage used Freddie Mac and Zillow data to rank states by mortgage payment percentage changes, factoring in shifts in rates and home prices.
- These increases pressure affordability for homebuyers nationally and suggest varying regional impacts, particularly severe on the East Coast, as rates remain near 6.7%, the highest since 2002.
16 Articles
16 Articles
Prospective Maine Homebuyers Face 70.5% Mortgage Payment Increase Compared to Three Years Ago
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With mortgage rates nearly double what they were three years ago, the typical monthly payment for a U.S. home has jumped 59%—an increase of almost $700. The spike is even worse in some locations, where payments have soared more than…
Prospective Wisconsin Homebuyers Face 69.4% Mortgage Payment Increase Compared to Three Years Ago
With mortgage rates nearly double what they were three years ago, the typical monthly payment for a U.S. home has jumped 59%—an increase of almost $700. The spike is even worse in some locations, where payments have soared more than…
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With mortgage rates nearly double what they were three years ago, the typical monthly payment for a U.S. home has jumped 59%—an increase of almost $700. The spike is even worse in some locations, where payments have soared more than…
Prospective Kentucky Homebuyers Face 68.3% Mortgage Payment Increase Compared to Three Years Ago
With mortgage rates nearly double what they were three years ago, the typical monthly payment for a U.S. home has jumped 59%—an increase of almost $700. The spike is even worse in some locations, where payments have soared more than…
Prospective New York State Homebuyers Face 64.3% Mortgage Payment Increase Compared to Three Years Ago
With mortgage rates nearly double what they were three years ago, the typical monthly payment for a U.S. home has jumped 59%—an increase of almost $700. The spike is even worse in some locations, where payments have soared more than…
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