The monthly mortgage payment for a median priced house in the United States has risen 42.5% in the past 12 months from $1,674 to $2,385 because mortgage rates have risen from 2.86% to 6.02%. Rates for a 30-year mortgage in the U.S. are now above 6% for the first time since November 2008. Two years ago the rate on a 30-yr mortgage rate was 2.87% while the average new home … [Read more...]