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Blog Entries by Andrew LePage

Forecasts Suggest Homebuyers’ “Typical Mortgage Payment” Could Rise Over 15 Percent This Year

Expected Mortgage Rate Increases Mean Rise in Payments Could Be Triple Forecasted Home Price Gain

Andrew LePage    |    Housing Trends

Figure 1 - Comparing Mortgage Rates

The CoreLogic Home Price Index Forecast suggests U.S. home prices will rise less than 5 percent this year, but if some 2018 mortgage rate forecasts pan out the mortgage payments homebuyers face could increase closer to 15 percent.

One way to measure the impact of inflation, mortgage rates and home prices on affordability over time is to use what we call the “typical mortgage...

Homebuyers’ “Typical Mortgage Payment” Up 12 Percent Year Over Year

Forecasts Suggest a nearly 13 Percent Gain Over the Next Year

Andrew LePage    |    Housing Trends

National Homebuyers Typical Mortgage Payment

U.S. home prices have risen more than 6 percent over the last year but that’s only part of the challenge for home shoppers, who face mortgage payments that have risen about 12 percent year over year because of higher mortgage rates.

One way to measure the impact of inflation, mortgage rates and home prices on affordability over time is to use what we call the “typical...

Homebuyers’ “Typical Mortgage Payment” Up 11 Percent Year Over Year

Forecasts Suggest a 13 Percent Gain Over the Next Year

Andrew LePage    |    Housing Trends

Andrew LePage Blog Post

The U.S. housing market has logged annual home-price gains over 6 percent in recent months, heightening affordability concerns. But price gains are only part of the challenge for homebuyers, who face mortgage payments that have risen about 11 percent over the past year because of higher mortgage rates.

One way to measure the impact of inflation, mortgage rates and home prices on...

Homebuyers’ “Typical Mortgage Payment” Up 10 Percent Year Over Year

Forecasts Suggest the Payment Could Rise 11 Percent Over the Next Year

Andrew LePage    |    Housing Trends

Figure 1 Natl Homebuyers

While home prices have risen about 6 percent over the past year, the mortgage payments that recent homebuyers have committed to have risen closer to 10 percent because of the increase in mortgage rates over the past year.

One way to measure the impact of inflation, mortgage rates and home prices on affordability over time is to use something we call the “typical mortgage...

Homebuyers’ Mortgage Payments Rising Faster Than Prices

“Typical Mortgage Payment” Up Nearly 14 Percent Year Over Year

Andrew LePage    |    Housing Trends

Low mortgage interest rates helped soften the blow of rising prices for homebuyers over the past six years. But with prices still rising and mortgage rates running about half a percentage point higher than last summer the mortgage payments that many homebuyers face have increased at roughly double the rate of home prices over the past year.

One way to measure the impact of inflation,...