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Average monthly mortgage payment hits new high, topping $2K for first time ever

Outstanding mortgage payments reached a new high at the end of last year when the typical mortgage holder's monthly payment exceeded $2,000 for the first time.While the average monthly payment for new homebuyers crossed the $2,000 threshold in September 2022, the rise in the average monthly payment for all outstanding mortgages to $2,005 in the fourth quarter of 2025 for the first time underscores the affordability challenges facing buyers, according to Realtor.com data.The uptick covers the full portfolio of mortgages in the U.S., including a large group of borrowers who took out loans before...