
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass

Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
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In Jan 2021, the 30-yr mortgage rate was 2.65% and average new home price in the US was $401,700.
Today the 30-yr mortgage rate is 5.30% and average new home price is $523,900.
Assuming a 20% down payment, that's an 80% increase in the monthly payment (from $1,294 to $2,327). https://twitter.com/charliebilello/status/1524755634843004930
The 30-year mortgage rate in the US rises to 5.30%, its highest level since 2009 and double the all-time low of 2.65% from last year.