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Mortgage rates are up big in the past few years. Here are the cities where homebuyers are feeling the pain of expensive mortgages. fizkes / Shutterstock.com
Editor’s Note: This story originally appeared on Construction Coverage. Due to both the drive up in home prices that began in 2020 and rising interest rates, mortgage payments have increased rapidly over the last year. The monthly mortgage payment for a median-priced home is now 66% higher than a year ago. According to data from Zillow, the national median home price increased from $318,432…
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