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%Begin 2018 Pulse on Homeownership - NerdWallet Advertiser Disclosure <h4>2018 Pulse on Homeownership</h4> <h2>Picture Improves for Homeowners</h2> NerdWallet's analysis found that owning is taking a smaller bite out of paychecks and fewer mortgages are delinquent, but Americans are still worried about covering unexpected costs. By Elizabeth Renter<br /> April 25, 2018 Many of the nation’s 75 million homeowners have a lot to feel good about — housing costs are consuming a smaller part of their paychecks, and fewer are behind on their mortgages.
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%Begin 2018 Pulse on Homeownership - NerdWallet Advertiser Disclosure

2018 Pulse on Homeownership

Picture Improves for Homeowners

NerdWallet's analysis found that owning is taking a smaller bite out of paychecks and fewer mortgages are delinquent, but Americans are still worried about covering unexpected costs. By Elizabeth Renter
April 25, 2018 Many of the nation’s 75 million homeowners have a lot to feel good about — housing costs are consuming a smaller part of their paychecks, and fewer are behind on their mortgages.
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Across the generations, homeownership is providing not just a roof over our heads, but also a sense of accomplishment and pride. Still, owning a home isn’t easy, and it comes with financial and emotional costs. Many Americans say it’s expensive to have a home, and many more have experienced anxiety about their house.
Charlotte Lee Member
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Across the generations, homeownership is providing not just a roof over our heads, but also a sense of accomplishment and pride. Still, owning a home isn’t easy, and it comes with financial and emotional costs. Many Americans say it’s expensive to have a home, and many more have experienced anxiety about their house.
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Alexander Wang 2 minutes ago
These are some of the highlights from a new report by NerdWallet, which took the pulse of homeowners...
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David Cohen 1 minutes ago
“Despite home buying being a long and often exhausting process, and homeownership being a time-con...
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These are some of the highlights from a new report by NerdWallet, which took the pulse of homeowners by examining recent homeownership data and commissioning an online survey, conducted by The Harris Poll, of 2,036 U.S. adults in March.
Amelia Singh Moderator
access_time 9 minutes ago
These are some of the highlights from a new report by NerdWallet, which took the pulse of homeowners by examining recent homeownership data and commissioning an online survey, conducted by The Harris Poll, of 2,036 U.S. adults in March.
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Joseph Kim 8 minutes ago
“Despite home buying being a long and often exhausting process, and homeownership being a time-con...
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Dylan Patel 8 minutes ago
The American desire to own a home is incredibly resilient. Tim Manni, NerdWallet mortgage expert <...
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“Despite home buying being a long and often exhausting process, and homeownership being a time-consuming and frankly expensive venture, 75% of Americans say it’s a priority, according to NerdWallet’s 2018 Home Buyer Report,” says Tim Manni, NerdWallet’s mortgage expert. ”If recessions, high prices and stress can’t kill the American dream, I’m not sure anything will. The American desire to own a home is incredibly resilient.” If recessions, high prices and stress can’t kill the American dream, I’m not sure anything will.
Alexander Wang Member
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“Despite home buying being a long and often exhausting process, and homeownership being a time-consuming and frankly expensive venture, 75% of Americans say it’s a priority, according to NerdWallet’s 2018 Home Buyer Report,” says Tim Manni, NerdWallet’s mortgage expert. ”If recessions, high prices and stress can’t kill the American dream, I’m not sure anything will. The American desire to own a home is incredibly resilient.” If recessions, high prices and stress can’t kill the American dream, I’m not sure anything will.
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Ethan Thomas 6 minutes ago
The American desire to own a home is incredibly resilient. Tim Manni, NerdWallet mortgage expert <...
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Americans with a mortgage spent 21.5% of their incomes on homeownership costs in 2016, the lowest ra...
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The American desire to own a home is incredibly resilient. Tim Manni, NerdWallet mortgage expert <h2>Key findings</h2> Homeownership costs are taking a smaller bite out of paychecks.
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The American desire to own a home is incredibly resilient. Tim Manni, NerdWallet mortgage expert

Key findings

Homeownership costs are taking a smaller bite out of paychecks.
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Noah Davis 3 minutes ago
Americans with a mortgage spent 21.5% of their incomes on homeownership costs in 2016, the lowest ra...
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Kevin Wang 2 minutes ago
Americans say their homes are costly. Nearly one-third (30%) of homeowners say their monthly housing...
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Americans with a mortgage spent 21.5% of their incomes on homeownership costs in 2016, the lowest rate since 2010, when they were spending 25%, according to U.S. Census Bureau data.
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Americans with a mortgage spent 21.5% of their incomes on homeownership costs in 2016, the lowest rate since 2010, when they were spending 25%, according to U.S. Census Bureau data.
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Americans say their homes are costly. Nearly one-third (30%) of homeowners say their monthly housing costs are expensive, according to the survey.
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Americans say their homes are costly. Nearly one-third (30%) of homeowners say their monthly housing costs are expensive, according to the survey.
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Homeownership causes anxiety. Nearly two-thirds (65%) of homeowners have experienced anxiety related to their home, and 75% of those anxious homeowners said unexpected home repair costs were the cause. Mortgage delinquencies are down.
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Homeownership causes anxiety. Nearly two-thirds (65%) of homeowners have experienced anxiety related to their home, and 75% of those anxious homeowners said unexpected home repair costs were the cause. Mortgage delinquencies are down.
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Mortgage delinquency rates are the lowest they’ve been since the foreclosure crisis, according to data from the Consumer Financial Protection Bureau. Still, 11% of homeowners with a mortgage made one or more late mortgage payments within the past 12 months, according to the survey. Late payments could cost U.S.
Nathan Chen Member
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Mortgage delinquency rates are the lowest they’ve been since the foreclosure crisis, according to data from the Consumer Financial Protection Bureau. Still, 11% of homeowners with a mortgage made one or more late mortgage payments within the past 12 months, according to the survey. Late payments could cost U.S.
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Victoria Lopez 17 minutes ago
homeowners over $500 million each year. Homeowners 30 to 89 days late on their mortgage may have bee...
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homeowners over $500 million each year. Homeowners 30 to 89 days late on their mortgage may have been billed up to $508 million in late fees in 2016, according to NerdWallet’s analysis.
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homeowners over $500 million each year. Homeowners 30 to 89 days late on their mortgage may have been billed up to $508 million in late fees in 2016, according to NerdWallet’s analysis.
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Homeownership feels (mostly) good. Many homeowners have positive feelings about their status: 40% believe they’re more financially stable after buying their home than they were before, 58% say owning a home makes them feel accomplished and 54% say it makes them proud. <h2>Costs of homeownership</h2> Homeowners report paying $1,443, on average, each month on housing costs such as their mortgage, homeowners insurance, property taxes and homeowner association dues, according to the survey.
Amelia Singh Moderator
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Homeownership feels (mostly) good. Many homeowners have positive feelings about their status: 40% believe they’re more financially stable after buying their home than they were before, 58% say owning a home makes them feel accomplished and 54% say it makes them proud.

Costs of homeownership

Homeowners report paying $1,443, on average, each month on housing costs such as their mortgage, homeowners insurance, property taxes and homeowner association dues, according to the survey.
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Elijah Patel 31 minutes ago
Almost 1 in 3 (30%) call these monthly costs expensive. From 2008 to 2010, when homeowners were feel...
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Thomas Anderson 33 minutes ago
That number began falling in 2011. In 2016, the last year for which the data are available, the home...
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Almost 1 in 3 (30%) call these monthly costs expensive. From 2008 to 2010, when homeowners were feeling the effects of the Great Recession, homeowners nationwide were spending 25% of their income on the costs associated with homeownership, according to census data.
Andrew Wilson Member
access_time 48 minutes ago
Almost 1 in 3 (30%) call these monthly costs expensive. From 2008 to 2010, when homeowners were feeling the effects of the Great Recession, homeowners nationwide were spending 25% of their income on the costs associated with homeownership, according to census data.
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Thomas Anderson 15 minutes ago
That number began falling in 2011. In 2016, the last year for which the data are available, the home...
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That number began falling in 2011. In 2016, the last year for which the data are available, the homeownership bite out of income dropped to 21.5%.
Nathan Chen Member
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That number began falling in 2011. In 2016, the last year for which the data are available, the homeownership bite out of income dropped to 21.5%.
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Emma Wilson 42 minutes ago
To put that in perspective: If homeowners with a mortgage were still seeing 25% of their income go t...
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There’s a chance homeowners could be saving even more. Some 40% of homeowners don’t know how muc...
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To put that in perspective: If homeowners with a mortgage were still seeing 25% of their income go to ownership costs in 2016, they would pay $21,815 — or $3,129 more than the 21.5% they actually paid in that year, according to census data. To see how monthly homeownership costs vary from state to state, click here.
Thomas Anderson Member
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To put that in perspective: If homeowners with a mortgage were still seeing 25% of their income go to ownership costs in 2016, they would pay $21,815 — or $3,129 more than the 21.5% they actually paid in that year, according to census data. To see how monthly homeownership costs vary from state to state, click here.
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There’s a chance homeowners could be saving even more. Some 40% of homeowners don’t know how muc...
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Hannah Kim 55 minutes ago
“Homeowners should get into the habit of conducting a yearly audit of their mortgage costs,” Man...
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There’s a chance homeowners could be saving even more. Some 40% of homeowners don’t know how much their current homeowners insurance premium is, according to the survey. This premium is typically included — and sometimes overlooked — in a monthly mortgage payment.
Scarlett Brown Member
access_time 60 minutes ago
There’s a chance homeowners could be saving even more. Some 40% of homeowners don’t know how much their current homeowners insurance premium is, according to the survey. This premium is typically included — and sometimes overlooked — in a monthly mortgage payment.
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Natalie Lopez 29 minutes ago
“Homeowners should get into the habit of conducting a yearly audit of their mortgage costs,” Man...
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Lucas Martinez 38 minutes ago
Tim Manni, NerdWallet mortgage expert And there are other ways to save on the costs of having a home...
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“Homeowners should get into the habit of conducting a yearly audit of their mortgage costs,” Manni says. “For example, contact your insurer to see if there are ways to save on homeowners insurance. Repairs like a new roof could lower your yearly premium, for instance.” Homeowners should get into the habit of conducting a yearly audit of their mortgage costs.
Ella Rodriguez Member
access_time 80 minutes ago
“Homeowners should get into the habit of conducting a yearly audit of their mortgage costs,” Manni says. “For example, contact your insurer to see if there are ways to save on homeowners insurance. Repairs like a new roof could lower your yearly premium, for instance.” Homeowners should get into the habit of conducting a yearly audit of their mortgage costs.
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Tim Manni, NerdWallet mortgage expert And there are other ways to save on the costs of having a home. “Homeowners should be cognizant of current mortgage rates and how much of their loan they have paid off to see if a refinance makes financial sense,” Manni says.
Evelyn Zhang Member
access_time 17 minutes ago
Tim Manni, NerdWallet mortgage expert And there are other ways to save on the costs of having a home. “Homeowners should be cognizant of current mortgage rates and how much of their loan they have paid off to see if a refinance makes financial sense,” Manni says.
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Jack Thompson 10 minutes ago
Lenders are legally obligated to cancel private mortgage insurance when the amount left on your loan...
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Julia Zhang 15 minutes ago
Over a third of renters (36%) say these monthly costs are expensive. Indeed, spending on rental cost...
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Lenders are legally obligated to cancel private mortgage insurance when the amount left on your loan reaches 78% of your home’s value, but you can request they cancel it earlier when it reaches 80%. Meanwhile, people who rent estimate that they pay $1,258 on associated monthly costs, such as utilities, rent and renters insurance, according to our survey.
Audrey Mueller Member
access_time 36 minutes ago
Lenders are legally obligated to cancel private mortgage insurance when the amount left on your loan reaches 78% of your home’s value, but you can request they cancel it earlier when it reaches 80%. Meanwhile, people who rent estimate that they pay $1,258 on associated monthly costs, such as utilities, rent and renters insurance, according to our survey.
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Christopher Lee 35 minutes ago
Over a third of renters (36%) say these monthly costs are expensive. Indeed, spending on rental cost...
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Home repairs and maintenance cause for anxiety

Nearly two-thirds of homeowners (65%) have ...
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Over a third of renters (36%) say these monthly costs are expensive. Indeed, spending on rental costs increased 6.1% from 2015 to 2016, according to data from the Bureau of Labor Statistics. Compared with data that show a 1.4% increase in spending on homeownership costs during that same period, it’s clear why renters are more likely to report their housing costs as expensive.
Brandon Kumar Member
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Over a third of renters (36%) say these monthly costs are expensive. Indeed, spending on rental costs increased 6.1% from 2015 to 2016, according to data from the Bureau of Labor Statistics. Compared with data that show a 1.4% increase in spending on homeownership costs during that same period, it’s clear why renters are more likely to report their housing costs as expensive.
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James Smith 32 minutes ago

Home repairs and maintenance cause for anxiety

Nearly two-thirds of homeowners (65%) have ...
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Sofia Garcia 13 minutes ago
Women were considerably more likely than men to report feeling anxiety about being a homeowner (70% ...
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<h2>Home repairs and maintenance cause for anxiety</h2> Nearly two-thirds of homeowners (65%) have experienced anxiety related to owning their home. The top cause of this anxiety: 75% say it was dealing with unexpected home repair costs.
Liam Wilson Member
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Home repairs and maintenance cause for anxiety

Nearly two-thirds of homeowners (65%) have experienced anxiety related to owning their home. The top cause of this anxiety: 75% say it was dealing with unexpected home repair costs.
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Chloe Santos 36 minutes ago
Women were considerably more likely than men to report feeling anxiety about being a homeowner (70% ...
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Women were considerably more likely than men to report feeling anxiety about being a homeowner (70% vs. 59%). “Time and money spent on home repairs and maintenance should always be considered before purchasing a home,” Manni says.
Scarlett Brown Member
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Women were considerably more likely than men to report feeling anxiety about being a homeowner (70% vs. 59%). “Time and money spent on home repairs and maintenance should always be considered before purchasing a home,” Manni says.
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Mason Rodriguez 12 minutes ago
“Surprise home repairs are especially anxiety-inducing, so that’s why I recommend setting aside ...
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Like a home equity loan, a HELOC requires homeowners have sufficient equity, or value, in their home...
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“Surprise home repairs are especially anxiety-inducing, so that’s why I recommend setting aside 2% of your home’s value each year to help cover the cost of these repairs. Some years you’ll find you spend very little. But don’t let that deter your savings plan because, as they say, when it rains it pours, and you need to be prepared.” One option for some homeowners hit with home improvement and repair costs: a home equity line of credit, or HELOC.
Harper Kim Member
access_time 66 minutes ago
“Surprise home repairs are especially anxiety-inducing, so that’s why I recommend setting aside 2% of your home’s value each year to help cover the cost of these repairs. Some years you’ll find you spend very little. But don’t let that deter your savings plan because, as they say, when it rains it pours, and you need to be prepared.” One option for some homeowners hit with home improvement and repair costs: a home equity line of credit, or HELOC.
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Like a home equity loan, a HELOC requires homeowners have sufficient equity, or value, in their home...
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More than a quarter (27%) of homeowners have opened a home equity line of credit. Among them, 25% ha...
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Like a home equity loan, a HELOC requires homeowners have sufficient equity, or value, in their home. They can use a home equity calculator to determine value. However, unlike a home equity loan, which delivers money in a lump sum, HELOC funds are available for owners to tap, in whole or in part, as needed.
Ava White Moderator
access_time 69 minutes ago
Like a home equity loan, a HELOC requires homeowners have sufficient equity, or value, in their home. They can use a home equity calculator to determine value. However, unlike a home equity loan, which delivers money in a lump sum, HELOC funds are available for owners to tap, in whole or in part, as needed.
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More than a quarter (27%) of homeowners have opened a home equity line of credit. Among them, 25% ha...
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More than a quarter (27%) of homeowners have opened a home equity line of credit. Among them, 25% haven’t used it, according to a different NerdWallet survey conducted online by The Harris Poll in March.
Amelia Singh Moderator
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More than a quarter (27%) of homeowners have opened a home equity line of credit. Among them, 25% haven’t used it, according to a different NerdWallet survey conducted online by The Harris Poll in March.
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The top reason for opening a HELOC was to pay for home repairs/improvements (63%). » CALCULATOR: W...
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Late payments and ability to pay

Some 8% of homeowners with a mortgage made one to two late...
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The top reason for opening a HELOC was to pay for home repairs/improvements (63%). » CALCULATOR: Which financing option is right for your home improvement?
Lucas Martinez Moderator
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The top reason for opening a HELOC was to pay for home repairs/improvements (63%). » CALCULATOR: Which financing option is right for your home improvement?
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<h2>Late payments and ability to pay</h2> Some 8% of homeowners with a mortgage made one to two late housing payments within the past 12 months, compared with 17% of tenants with a rent payment. And 13% of homeowners who have bought a home say they’re less financially stable after buying than they were before purchasing a home; 40% say they’re more financially stable.
Joseph Kim Member
access_time 78 minutes ago

Late payments and ability to pay

Some 8% of homeowners with a mortgage made one to two late housing payments within the past 12 months, compared with 17% of tenants with a rent payment. And 13% of homeowners who have bought a home say they’re less financially stable after buying than they were before purchasing a home; 40% say they’re more financially stable.
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Hannah Kim 38 minutes ago
Overall, however, mortgage delinquency rates are at the lowest since the foreclosure crisis, accordi...
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Overall, however, mortgage delinquency rates are at the lowest since the foreclosure crisis, according to data from the CFPB. The 30-to-89-day mortgage delinquency rate, as published by the CFPB, is an early indicator of mortgage distress. It would capture some homeowners who said that they had one to two late payments as reported by their lenders to a credit agency within the past year.
Natalie Lopez Member
access_time 27 minutes ago
Overall, however, mortgage delinquency rates are at the lowest since the foreclosure crisis, according to data from the CFPB. The 30-to-89-day mortgage delinquency rate, as published by the CFPB, is an early indicator of mortgage distress. It would capture some homeowners who said that they had one to two late payments as reported by their lenders to a credit agency within the past year.
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Charlotte Lee 1 minutes ago
That rate hit a U.S. monthly average of 3.9% in 2009....
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That rate hit a U.S. monthly average of 3.9% in 2009.
James Smith Moderator
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That rate hit a U.S. monthly average of 3.9% in 2009.
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Harper Kim 19 minutes ago
In 2016, the last full year for which data are available, the 30-to-89-day delinquency rate was 2.2%...
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William Brown 3 minutes ago
In 2016, the number of mortgages 90 days or more delinquent in any given month was 1.4%, on average,...
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In 2016, the last full year for which data are available, the 30-to-89-day delinquency rate was 2.2%, on average. Ninety-day delinquencies, on the other hand, are more serious and represent homeowners who are at greater risk of foreclosure.
Liam Wilson Member
access_time 58 minutes ago
In 2016, the last full year for which data are available, the 30-to-89-day delinquency rate was 2.2%, on average. Ninety-day delinquencies, on the other hand, are more serious and represent homeowners who are at greater risk of foreclosure.
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Harper Kim 41 minutes ago
In 2016, the number of mortgages 90 days or more delinquent in any given month was 1.4%, on average,...
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In 2016, the number of mortgages 90 days or more delinquent in any given month was 1.4%, on average, compared with about 4% of mortgages from 2009 through 2012. For state by state delinquency rate data, click here. <h2>Consumer costs of delinquency</h2> Despite lower delinquency rates in recent years, homeowners 30 to 89 days late on their mortgage may have been billed up to $508 million in late fees in 2016.
Victoria Lopez Member
access_time 150 minutes ago
In 2016, the number of mortgages 90 days or more delinquent in any given month was 1.4%, on average, compared with about 4% of mortgages from 2009 through 2012. For state by state delinquency rate data, click here.

Consumer costs of delinquency

Despite lower delinquency rates in recent years, homeowners 30 to 89 days late on their mortgage may have been billed up to $508 million in late fees in 2016.
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This delinquency cost estimate assumes homeowners were charged 5% for their late payment — a roughly $40 fee that doesn’t seem like much for one homeowner. However, when you apply this to the number of homes in delinquency, the penalties add up. For homeowners who aren’t struggling, a $40 penalty seems manageable, but if you can’t cover your mortgage, fees levied on top of late payments make it even more difficult to pay.
Jack Thompson Member
access_time 155 minutes ago
This delinquency cost estimate assumes homeowners were charged 5% for their late payment — a roughly $40 fee that doesn’t seem like much for one homeowner. However, when you apply this to the number of homes in delinquency, the penalties add up. For homeowners who aren’t struggling, a $40 penalty seems manageable, but if you can’t cover your mortgage, fees levied on top of late payments make it even more difficult to pay.
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Emma Wilson 122 minutes ago
CFPB data indicate that 25% of all mortgage complaints they received in 2017 were from homeowners �...
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Buying a fixer-upper is the top regret (8%). Despite 65% of homeowners having experienced anxiety ab...
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CFPB data indicate that 25% of all mortgage complaints they received in 2017 were from homeowners “struggling to pay mortgage,” which is one of 19 mortgage complaint categories. <h2>Homeowner sentiments</h2> In general, few homeowners identify with a list of common regrets when it comes to their home. Younger homeowners are slightly more apt to identify with some of these regrets than older owners, according to the survey.
Zoe Mueller Member
access_time 96 minutes ago
CFPB data indicate that 25% of all mortgage complaints they received in 2017 were from homeowners “struggling to pay mortgage,” which is one of 19 mortgage complaint categories.

Homeowner sentiments

In general, few homeowners identify with a list of common regrets when it comes to their home. Younger homeowners are slightly more apt to identify with some of these regrets than older owners, according to the survey.
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Evelyn Zhang 46 minutes ago
Buying a fixer-upper is the top regret (8%). Despite 65% of homeowners having experienced anxiety ab...
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Buying a fixer-upper is the top regret (8%). Despite 65% of homeowners having experienced anxiety about owning, more than half of say they feel accomplished (58%) and proud (54%) of their homeowner status.
Kevin Wang Member
access_time 99 minutes ago
Buying a fixer-upper is the top regret (8%). Despite 65% of homeowners having experienced anxiety about owning, more than half of say they feel accomplished (58%) and proud (54%) of their homeowner status.
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Lucas Martinez 89 minutes ago
These feelings align with the findings from NerdWallet’s 2018 Home Buyer Report, which found 75% o...
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Chloe Santos 74 minutes ago
adults ages 18 and older was conducted online by The Harris Poll on behalf of NerdWallet from March ...
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These feelings align with the findings from NerdWallet’s 2018 Home Buyer Report, which found 75% of Americans believe buying a home is a priority. <h2>Methodology</h2> The homeownership survey of 2,036 U.S.
Isabella Johnson Member
access_time 170 minutes ago
These feelings align with the findings from NerdWallet’s 2018 Home Buyer Report, which found 75% of Americans believe buying a home is a priority.

Methodology

The homeownership survey of 2,036 U.S.
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adults ages 18 and older was conducted online by The Harris Poll on behalf of NerdWallet from March 13-15, 2018. Of those surveyed, 1,448 were homeowners and 554 were renters.
Alexander Wang Member
access_time 175 minutes ago
adults ages 18 and older was conducted online by The Harris Poll on behalf of NerdWallet from March 13-15, 2018. Of those surveyed, 1,448 were homeowners and 554 were renters.
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Elijah Patel 18 minutes ago
The HELOC survey of 2,043 U.S. adults ages 18 and older was conducted online by The Harris Poll on b...
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Dylan Patel 83 minutes ago
Both online surveys aren’t based on a probability sample and therefore no estimate of theoretical ...
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The HELOC survey of 2,043 U.S. adults ages 18 and older was conducted online by The Harris Poll on behalf of NerdWallet from March 6-8, 2018. Of those survey, 1,490 were homeowners.
Madison Singh Member
access_time 36 minutes ago
The HELOC survey of 2,043 U.S. adults ages 18 and older was conducted online by The Harris Poll on behalf of NerdWallet from March 6-8, 2018. Of those survey, 1,490 were homeowners.
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Madison Singh 24 minutes ago
Both online surveys aren’t based on a probability sample and therefore no estimate of theoretical ...
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Both online surveys aren’t based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables and subgroup sample sizes, contact Maitri Jani at [email&#160;protected]. Homeowner costs as a percent of income were based on data from the U.S.
Lucas Martinez Moderator
access_time 37 minutes ago
Both online surveys aren’t based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables and subgroup sample sizes, contact Maitri Jani at [email protected]. Homeowner costs as a percent of income were based on data from the U.S.
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Julia Zhang 33 minutes ago
Census Bureau American Community Survey, 1-year estimates, 2010 and 2016. Data included median house...
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Census Bureau American Community Survey, 1-year estimates, 2010 and 2016. Data included median household income of housing units with a mortgage and selected monthly owner costs as a percentage of household income.
Noah Davis Member
access_time 114 minutes ago
Census Bureau American Community Survey, 1-year estimates, 2010 and 2016. Data included median household income of housing units with a mortgage and selected monthly owner costs as a percentage of household income.
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Data of the costs of rented and owned homes in 2015 and 2016 are from the Bureau of Labor Statistics Consumer Expenditure Survey. 2017 mortgage complaint data was retrieved from the CFPB’s database on Jan. 17, 2018.
Charlotte Lee Member
access_time 195 minutes ago
Data of the costs of rented and owned homes in 2015 and 2016 are from the Bureau of Labor Statistics Consumer Expenditure Survey. 2017 mortgage complaint data was retrieved from the CFPB’s database on Jan. 17, 2018.
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Consumer cost of delinquencies includes: 30-to-89-day delinquency rates for each month of 2016, based on data from the National Mortgage Database retrieved from the Consumer Financial Protection Bureau 47,295,137 owner-occupied homes with a mortgage from the 2016 U.S. Census Bureau’s American Community Survey, 1-year estimates Mortgages averaging $167,120 at origination with a fixed 4.24% interest rate, based on 2014 home prices and mortgage characteristics from the National Association of Realtors and the Federal Housing Administration 5% late fee on the monthly principal and interest payment
Daniel Kumar Member
access_time 120 minutes ago
Consumer cost of delinquencies includes: 30-to-89-day delinquency rates for each month of 2016, based on data from the National Mortgage Database retrieved from the Consumer Financial Protection Bureau 47,295,137 owner-occupied homes with a mortgage from the 2016 U.S. Census Bureau’s American Community Survey, 1-year estimates Mortgages averaging $167,120 at origination with a fixed 4.24% interest rate, based on 2014 home prices and mortgage characteristics from the National Association of Realtors and the Federal Housing Administration 5% late fee on the monthly principal and interest payment
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