How Much Will a $450,000 Mortgage Cost Monthly Once Rates are Cut?

September 10, 2024

CBS MoneyWatch, Sept. 9, 2024–Matt Richardson
With the average home price around $427,000 right now, buyers would be well served by rounding up and calculating the costs of a $450,000 mortgage loan. Below, we’ll break down exactly what a payment of principal and interest costs now and what it may look like once rate cuts are issued.
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