Want to move? Homeowners in these 6 U.S. cities could see their mortgage payments more than double
The housing market is locked up – and looking at one key number it’s easy to see why. High mortgage rates are the main force freezing existing U.S. homeowners in place, with many would-be home sellers reluctant to part ways with much lower rates from a bygone era. But just how much more would they be paying in today’s real estate ecosystem? It turns out, the answer is a lot. Today, the average homeowner would pay $1,100 more every month compared to existing mortgage holders for a median-pr...
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