D.C. has Highest Mortgage Payment | Daily Business News

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OriginationNews informs MHProNews at $1,642 a month Washington, D.C. has the highest mortgage payment, accounting for 31 percent of household income, according to Lending Tree. Hawaii ranked second with a monthly average payment of $1,536, and California was third at $1,446 a month. Both Hawaii?s and California?s payments represented 30 percent of household income. D.C. also had the highest loan amount at $331,886. In the survey, 15 of the 51? areas studied have an average monthly payment above $1,000. At $711 a month, Nebraska had the lowest mortgage payment, followed by Arkansas, Iowa, Oklahoma and Missouri.

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Categories: Finance, home buyers, News Item, Trends Tags: accounting, hawaii, household income, iowa oklahoma, lending tree, lowest mortgage, metropolitan areas, MHProNews, mortgage payment, Nebraska, Washington D.C.

Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/d-c-has-highest-mortgage-payment/

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