What would my monthly mortgage payment be on a $500,000 home?

“If you put down $100,000 as a 20% down payment and then borrow $400,000 with a 30-year fixed-rate mortgage with an interest rate of 7.09%, your monthly payment on the loan would be $2,685. That does not include your monthly property tax and homeowners insurance payments, which will vary based on your state and municipality. …

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Redfin’s monthly average visitor growth is mind blowing

by Ihateshortseller 2015 – 12M 2016 – 16M (39% increase) 2017 – 22.6M (40% increase aka IPO year) 2018 – 28M (21% increase) 2019 – 34M (23% increase) 2020 – 42M (28% increase) 2021 – 47M (10% increase) 2022 – 50M (5% increase) 2023 – 72M (44% increase) $RDFN is growing much faster than Zillow …

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Colorado’s inflation exceeds the national rate at 4.5%. Average family spending increases $1,206 monthly, impacting households.

by Stephen Green Colorado’s year-over-year inflation continues to outpace the national rate of 3.1%. While inflation rates in the Denver metro area have dropped to 4.5% in November, down from 5.4% in September, Colorado’s year-over-year inflation rate still surpasses the national average of 3.1%. According to analysis conducted by the Colorado State Initiative (CSI), the average …

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A potential monthly close at an all-time high in gold marks a pivotal moment, driven by central banks and traditional portfolios

The current moment is crucial for the precious metals industry, and a monthly close at an all-time high could signal the start of a new secular move in gold. This potential shift is anticipated to be driven by central banks, which still hold 80% of sovereign debt relative to their balance sheet assets, and traditional …

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High Rates Deepen Divide Between Homeowners and Renters, Redfin Reports $100 Monthly Savings Amidst Rate Drop

Recent data from Redfin reveals a notable shift in the real estate landscape, indicating a decline of over $100 in the median monthly mortgage payment within the last month. This coincides with a drop in mortgage rates from 8% to 7.3%. Despite the potential benefit for homebuyers, Redfin emphasizes that high mortgage rates are contributing …

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The US housing market is at its most unaffordable level in 39 years. Monthly mortgage payments now consume nearly half of the median household income. Do you think the housing market is headed for a crash?

by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since tracking began in 1975. Monthly mortgage payments now consume nearly half of the median household …

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A recently divorced woman w/2 children shared her monthly budget sheet on FB & it went viral.

A recently divorced woman w/2 children shared her monthly budget sheet on FB & it went viral. I repost these because it’s perspective on the median & mean. Social media focuses on the fake and the .1%. pic.twitter.com/O6LLmG8kOb — Don Johnson (@DonMiami3) November 2, 2023 pic.twitter.com/77QasllTuD — Don Johnson (@DonMiami3) November 2, 2023 I got …

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Over 60% of Canadian mortgages will be renewed within the next three years, with monthly mortgage payments set to increase by 50%.

The Royal Bank of Canada raises concerns about Canadian homeowners facing potential payment shocks, especially as 60% of Canadian mortgages are set to renew within the next three years. The Royal Bank of Canada is warning that Canadian homeowners could experience a payment shock unless interest rates significantly decrease. 60% of Canadian mortgages will renew …

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Investment Grade Corporate Bond ETFs experienced their 2nd highest monthly outflows in history last month

Investment Grade Corporate Bond ETFs experienced their 2nd highest monthly outflows in history last month 👀😱 pic.twitter.com/kIch4yy52b — Barchart (@Barchart) October 12, 2023 Fed governor Chris Waller compares the run-up in Treasury yields to the bank stress events from March. The Fed dialed back planned hikes after the SVB-initiated bank stress. "Now, once again, financial …

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Alex Jones monthly expenses revealed in bankruptcy filing…

HARTFORD, Conn. (AP) — As Alex Jones continues telling his Infowars audience about his money problems and pleads for them to buy his products, his own documents show life is not all that bad — his net worth is around $14 million and his personal spending topped $93,000 in July alone, including thousands of dollars …

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‘Hunter Biden paid his father’s phone bills, house repairs, and monthly expenses and told his daughter that he “paid for everything for this entire family for 30 years… ‘

‘.@RepRoKhanna misleadingly claims, “There is not a single shred of evidence that a single payment went to President Biden.” Hunter Biden paid his father’s phone bills, house repairs, and monthly expenses and told his daughter that he “paid for everything for this entire family for 30 years… But don’t worry unlike Pop I won’t make …

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Monthly mortgage payment for a median existing home is $2,322/month, double the 2008 peak, and does not includes taxes, insurance, and other costs.

The monthly mortgage payment based on a median existing home is now at a record $2,322/month. This is double the $1,200 peak seen in 2008. Keep in mind, $2,322/month does not include taxes, insurance or any other costs associated with buying a home. If you add in taxes and insurance, the median is nearly $3,000/month. …

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US CPI inflation rate rises to 3.2% in July, below expectations, and core inflation at 4.7%, marking the first monthly increase since 2022.

The Fed has been clear that 2% is their inflation target. Now, we have inflation rising again and hovering near the 3% mark. Will the Fed raise their inflation target or will they finally get it under control? Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 10, …

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The typical U.S homebuyer is feeling the pinch with a 20% surge in monthly payment from last year; Median house payment is up 79% since 2020.

by betsharks0 > In September 2022, adjustable-rate mortgages (ARMs) made up around 9% of all new home loan applications to lenders, according to the Mortgage Bankers Association (MBA) So are these people basically f***ed? The median house payment in the US is now at $2,605/month. This is up 19% compared to 2022 and the most expense median …

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June saw the 13th consecutive monthly net outflow for hedge funds, with investors removing $13.12 billion.

by Dismal-Jellyfish Source: https://www.evestment.com/news/hedge-fund-industry-asset-flow-report-june-2023/ Highlights: June 2023 witnessed the 13th straight month of net outflows in the hedge fund industry. June’s redemptions were lighter compared to previous years, with an estimated net $13.12 billion taken out, though it still resulted in the industry’s assets growing by $39.5 billion to approximately $3.439 trillion. Historically, June is …

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45 million people with student loans face monthly payments of $200… 40% of US adults report having less than $1,000 of savings.

"There are a total of 45 million people with student loans, and the average monthly student loan payment is around $200, so resuming student loan payments in October will subtract roughly $9 billion from consumer spending every month, or roughly $100 billion a year" Apollo's Slok — Lisa Abramowicz (@lisaabramowicz1) July 31, 2023 This is …

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How can the housing market be stabilized despite a 40% rise in monthly payments and mortgage payments 58% higher than rent payments?

I mean let’s get real. How does the housing market stabilize given these numbers? How many people have the income to qualify for a loan at an over 7% mortgage rate? The monthly payment is up around 40% yet people like Fortune magazine think housing prices will stabilize and move higher. I just don’t get …

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