MORTGAGE PAYMENTS Inserted: 10:25am – Fri 7/7 ( ) -q-27- UNDATED (Correspondent Jeremy House) “in recent years.” Would-be homebuyers are willing to take on sharply higher mortgage payments, even as home prices have begun to pull back this year. [CutID: <Cuts> MORTGAGE-PAYMENTS-house-q-FRIam.mp3 Time: 27s Title: MORTGAGE-PAYMENTS-house-q-FRIam Out-cue: in recent years] TAG: Correspondent Jeremy House reporting. […]
Audio
Home prices ease, but monthly payments higher because of mortgage rates
MORTGAGE PAYMENTS
Inserted: 10:25am – Fri 7/7
( ) -q-27- UNDATED (Correspondent Jeremy House) “in recent years.”
Would-be homebuyers are willing to take on sharply higher mortgage payments, even as home prices have begun to pull back this year.
[CutID: <Cuts> MORTGAGE-PAYMENTS-house-q-FRIam.mp3
Time: 27s
Title: MORTGAGE-PAYMENTS-house-q-FRIam
Out-cue: in recent years]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The median monthly payment listed on applications for home purchase loans jumped 14.1% in May from a year earlier to an all-time high $2,165. That’s according to the Mortgage Bankers Association, which also notes the May figure also represents a 2.5% increase from April. The size of the mortgage and the interest rate on the loan influence are two housing market variables that have ballooned in recent years.