Caymans Post

A world within. A state apart.
Tuesday, Nov 29, 2022

How high is the real inflation in USA?

How high is the real inflation in USA?

Looking at the big picture, numbers do not lie. Politicians, do.
2 years ago: 30-yr mortgage rate was 2.80% & average new home price in the US was $395k.

Today: 30-yr mortgage rate is 7.08% & average new home price is $518k.

Result: $25k increase in down payment (assuming 20% down) & 114% increase in monthly payment (from $1,298 to $2,779).
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