A recent uptick in mortgage interest rates is increasing costs for buyers already grappling with rising prices.
The average monthly mortgage payment is up nearly 13% nationally over the past year, according to an analysis released by Realtor.com last month. That’s an increase of $168 per month, according to the analysis. For luxury homes—the top 10% of the market—owners are paying an average of $241 more per month. (News Corp, owner of The Wall Street Journal, also operates Realtor.com under license from the National Association...