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ICE Mortgage Monitor: The Impact of "Golden-Handcuffs" on Mortgage Payments
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ICE Mortgage Monitor: The Impact of "Golden-Handcuffs" on Mortgage Payments

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Apr 01, 2024
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CalculatedRisk Newsletter
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ICE Mortgage Monitor: The Impact of "Golden-Handcuffs" on Mortgage Payments
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Press Release: ICE Mortgage Monitor: Trading Up to a 25% More Expensive Home Would More Than Double the Average Mortgage Holder’s Payment

  • From 2000 to 2022, upgrading to a 25% more expensive home would have required the average homeowner to increase their principal and interest payment by roughly 40%, or about $400 per month

  • Today, that same trade-up bu…

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