Mortgage Payments

Report Reveals Homeowners Must Earn 81.8 Percent More Than Renters to Make Home Affordability Possible

13-J0000004-1999 | Affordable Housing Crisis, Housing Market, Mortgage Payments, Rental Property

A recent Redfin report highlights the income gap between the average homeowner and renter, emphasizing that home affordability is out of reach for many Americans. The data found that homeowners needed to earn a little over $50,000 more than renters, which comes to a...

Massive Increase in Mortgage Payments Causing Americans to Brace for Financial Ruin

13-J0000005-1999 | Adjustable-Mortgage Rate, Investing in Real Estate, Mortgage Payments, Mortgage Rates

Americans who purchased a home in 2019 using an adjustable-rate mortgage (ARM) loan that locked in a lower, short-term rate are expected to see a substantial increase in mortgage payments as their loan term ends this year. For some, mortgage payments could double as...

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