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Housing Costs Take Up Biggest Share of Income since 2010

February 20, 2017 5:39 pm

Appreciating home values and rising interest rates inflated the typical monthly mortgage payment $68 in 2016, up to $758, according to a recent analysis by Zillow, with approximately 16 percent of the median household income now needed for housing each month—the biggest share since 2010. “As mortgage rates rise, buyers will face higher financing costs […]

The post Housing Costs Take Up Biggest Share of Income since 2010 appeared first on RISMedia.

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