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What is the average cost of the existing home mortgages in America today?
Wiki User
∙ 15y ago
The average cost of an existing home mortgage depends on several items. Interest Rate Closing Cost Length of mortgage or term of mortgage The amount of the mortgage. If you can provide more details to the question I will provide you with a complete answer. I have one question for you. Are you asking the question of; what is the average closing cost of an existing mortgage in America Today. If that is your question, the answer is 3-5% of the loan amount. Frank Thomas Sr. Loan Consultant www.lowermymortgageratestore.com
Wiki User
∙ 15y ago
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What is the average amount outstanding on US mortgages?
In 2004 the figure was $136,000. Based upon that, I estimate the average amount in outstanding mortgages today is not more than $250,000.
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what kind of housing do they have in America today?
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Five years ago, the interest rates on mortgages was only at 0.5 percent. As of today, interest rate on mortgage soared to 2.5 percent. That is 500 percent increase for the past five years.
