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Average Mortgage Payments Fall 6%

Mortgage News > Average Mortgage Payments Fall 6%
Date: 09/24/2019    Average Mortgage Payments Fall 6%

Even as home prices continue to rise, the average monthly mortgage payment amount has dropped 6.1% since last May, according to data from CoreLogic. That is the first time in almost three years that average payments have fallen. Home prices have grown 3.3% in the past year but average interest rates have decreased by a full percentage point as well, giving mortgage borrowers the advantage.

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