Mortgage Payments Require Largest Share of Income Since 2009, Zillow Finds

Mortgage Payments FNL

The combination of rising rates and strong home value appreciation led to one of the largest recorded quarterly increases in the mortgage burden for homebuyers since the Great Recession, according to a new analysis from online real estate company Zillow. In the first quarter of 2018, the share of median income needed for monthly mortgage payments…

Read More