10 years ago: 30-yr mortgage rate was 3.4% & median existing home price in the US was $235k
Today: 30-yr mortgage rate is 7.4% & median existing home price is $418k
Result: $37k increase in down payment (assume 20% down) & 178% increase in monthly payment (from $834 to $2,315)
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Post #268944
190
