Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.

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Typical Monthly Mortgage Payment Rose 30% in First Quarter

Home buyers may find housing less affordable, as monthly mortgage payments on a median existing single-family home with a 20% down payment rose 30% from a year earlier to $1,383. So reports Realtor Magazine

arrows 311332 640 smallThe data is from the latest quarterly report from the National Association of Realtors (NAR).

Mortgage payments accounted for 18.7% of a typical household’s income, compared with 14.2% a year earlier, according to the NAR.

“I expect more pullback in housing demand as mortgage rates take a heavier toll on affordability,” Lawrence Yun, NAR’s chief economist, said in a statement.

Read the full post from Realtor Magazine

 

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