Newsweek

Mortgage payments remain high due to stubborn interest rates that have stayed in the high 6 percent range for 30-year fixed mortgages.

Lawrence Yun, NAR Chief Economist and Senior Vice President of Research, told Newsweek: "Mortgage rates are fairly uniform across the country, but what varies are home prices and local income. Therefore, the states with persistently high home prices, like California and Hawaii, will carry higher mortgage payments. Also, lower-income but fast-appreciating states, like Idaho, will require a higher housing payment in relation to income.

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