With Home Prices and Interest Rates Rising, How Much Could Mortgage Bills Grow?

We’ve seen home prices marching steadily upward over the past few years, but now that mortgage rates are finally rising, too, home buyers can expect to see inflated mortgage bills, according to new data from®.

And nowhere are those bills growing more than in the tech hubs of Seattle and San Francisco.

Buyers looking to purchase a $274,900 home—the median list price—can expect to pay $168 a month more for their mortgage this year as a result of higher home prices and interest rates over the past 12 months.

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