American Mortgage Payment Costs Are Now 36% Higher Than a Year Ago

Bloomberg, Mar. 4, 2022–Claire Ballentine
Higher mortgage rates are combining with an unrelentingly expensive real-estate market to push up costs for homebuyers. It’s now $1,230 per month for a 30-year, fixed-rate loan, according to data from home-listing site Zillow. That’s up 36% from the average of $905 a year ago and a 6% increase from January.