Real Estate News & Market Updates | | Navigating Late-Q3 Market: 6 Key Insights

1. Record-high monthly mortgage payments:

– Median monthly mortgage payment reached an all-time high of $2,632, ↑ 13.9% yearly.
2. Aggressive interest rate hikes:

– The Fed's 11 rate hikes since March 2022 pushed mortgage rates to two-decade highs of 7.25%.

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