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Home / News / Economy / Mortgage burden exceeds historic levels in 10 of the largest U.S. markets (access required)

Mortgage burden exceeds historic levels in 10 of the largest U.S. markets (access required)

The combination of rising home prices and interest rates creates a doubly challenging environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden. A monthly mortgage payment for the typical U.S. home requires 17.5 percent of the median income, up from 15.4 percent a year earlier, according ...

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