– The typical homebuyer’s monthly mortgage payment is now $2,427, a record high and up 44% from $1,685 a year earlier.
– Home buying demand as measured by Redfin Homebuyer Demand Index in the latest week fell 7%—the largest annual decline since April 2020.
– For the week ending May 12, 30-year mortgage rates increased to 5.3%—the highest level since June 2009.
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