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3 years ago: 30-yr mortgage rate was 3% & average new home price in the US was $427k. Today: 30-yr mortgage rate is 7% & average new home price is $506k. Result: $16k increase in down payment (assuming 20% down) & 87% increase in monthly payment (from $1,440 to $2,693).…

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Charlie Bilello@charliebilello

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