With mortgage rates still in the upper-mid 6% range, borrowers who received mortgages in May 2023 paid an average of $2,331 a month, up 20% from a year prior.
That’s according to the latest origination data from mortgage tech firm Candor Technology.
Per data from Candor’s underwriting engine, the average buyer in May 2023 received a loan worth about $364,094 at an average APR of 6.48%.
We had a big project launch this week, I will be in a better place next week to review our first month. Could we move our meeting to next Thursday? My whole day is available so let me know what time works for you.