Lawler: The Sharp increase in Monthly Payments in Selected Metro Areas

A table Showing the Increase in Monthly Payments for 37 Metro Areas and the United States

The first section and table are from housing economist Tom Lawler:

According to Mortgage News Daily, the interest rate on a 30-year fixed-rate mortgage for a prime borrower putting 20% down increased to 5.45% earlier this week from 3.14% a year ago.  Such an increase would result in a 31.6% jump in the monthly principal and interest (P&I) payment on a mo…