Monday, October 25, 2010

NAR: Orange County Median Home Price

NAR just published the typical mortgage payment for the median priced home in 2005 versus 2010.

One example: buying a median priced home in the Orange County Metro Area in 2010 would have a monthly mortgage payment that is $1,248.00 less than a person buying a median priced home in 2005. The 38% lower payment is due to lower mortgage rates and lower prices.