Elevated mortgage rates, along with prices that remain high–despite posting a 1% annual drop– pushed monthly housing payments to a record high of nearly $2,600. That’s dampening demand and preventing many would-be sellers from listing their homes.  The typical homebuyer’s monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 … Continue reading Housing Market Update: Homebuyers’ Monthly Payments Hit All-Time High As Mortgage Rates Rise