Interesting article from Money.com. It states that the average rate on a 30-year mortgage is now approaching 7% and the monthly mortgage payment on a median-priced home has gone from $1,698 to $2,559.
The Rate of Sellers Dropping Home List Prices Hits New High | Money
We will see what impact it has on The Villages.
A $500,000 mortgage at 3.5% $2278.
A $500,000 mortgage at 7% is $3327.
This doesn't include taxes and insurance.