Housing market: Monthly payments up 122% in 3 years, report says

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Despite competition cooling in the housing market, homebuyers continue to face challenges as mortgage rates remain high. The average 30-year fixed mortgage sits at 7.31 percent as of September 28, according to Freddie Mac. Monthly principal and interest for a home has increased 122 percent in the past three years, according to Zillow. Yahoo Finance Reporter Dani Romero discusses the latest news on the housing market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Despite competition cooling in the housing market, homebuyers continue to face challenges as mortgage rates remain high. The average 30-year fixed mortgage sits at 7.31 percent as of September 28, according to Freddie Mac. Monthly principal and interest for a home has increased 122 percent in the past three years, according to

Bears like JPMorgan and bulls like Fundstrat remain split on what looms for markets in October, with some strategists eyeing a rebound in earnings.Retirees: Do NOT Make This Critical CPP Pension Mistake That Can Cost You Thousands I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.Despite fanfare, federal funding and even a visit from the prime minister, the owner of an N.W.T. mine project is closing down its processing plant in Saskatoon. Vital Metals owns Cheetah Resources, which is the owner of the Nechalacho mine project, about 100 kilometres south-east of Yellowknife.

 

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