Incremental increases in mortgage rates are adding hundreds of dollars in monthly costs for homebuyers, particularly high-end homebuyers. The average monthly mortgage payment is up 13 percent as of last month compared to the year before, according to Realtor.com data cited by the Wall Street Journal. That translates into a $241-per-month increase on homes in the top 10 percent of the market and a $168-per-month increase across the board. A quarter of a percent increase […]
source https://therealdeal.com/2018/04/05/buying-a-luxury-home-is-getting-pricier-thanks-to-mortgage-rate-increases/
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