Latest / Mortgage Research Network Podcast
The PITI Problem: The Hidden Costs Driving Up Mortgage Payments
Taxes and insurance are quietly taking a bigger bite out of homeowners’ monthly payments—and in some markets, they make up more than a third of housing costs. Tim Lucas and Craig Berry break down new research from Neighbors Bank showing how rising property taxes and insurance premiums are reshaping housing affordability across the country.In this episode you’ll learn:How big the PITI problem has become: In some U.S. markets, property taxes and homeowners insurance account for more than one-third of the average mortgage payment.Where the burden is highest: In the Pensacola metro area, taxes…
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