| Characteristic | Mortgage payment in U.S. dollars |
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Source
Source
Release date
June 2019
More information
Region
United States
Survey time period
2017 to 2018
Supplementary notes
The source adds the following information: "assumes a 20% down payment and a 4.54% mortgage interest rate for 2018, and a 3.99% rate for 2017, which are the average annual Freddie Mac 30-year fixed rates as reported by FRED. Figures are based on a formula in which monthly payments don’t exceed 30% of a homebuyer’s gross income."
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