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Another housing cost that has been on the rise is rent. The average monthly rent bill rose to $2,009 in October 2024, up from $1,945 one year earlier, according toZillow’s Observed Rent Index, which lists the following as the most affordable regions to rent: ...
The average interest rate for 15-year mortgages for the week ending on Feb. 16 also rose to 6.12%. Credible reported that as the economy continues to stay strong, it’s unlikely that mortgage rates will drop substantially anytime soon. ...