Mortgage payments fell in May while income rose
With mortgage rates still in the upper-mid 6% range, borrowers who received mortgages in May 2023 paid an average of $2,331 a month, up 20% from the year prior.
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With mortgage rates still in the upper-mid 6% range, borrowers who received mortgages in May 2023 paid an average of $2,331 a month, up 20% from the year prior.
With mortgage rates in the mid-6% range, mortgage borrowers in April 2023 paid an average of $2,343 a month, up 28% from a year prior.
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