{"id":33,"date":"2026-10-05T16:00:00","date_gmt":"2026-10-05T16:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/teitsmateam-com\/2026\/10\/05\/us-mortgage-costs-hit-14-month-high\/"},"modified":"2026-10-05T16:00:00","modified_gmt":"2026-10-05T16:00:00","slug":"us-mortgage-costs-hit-14-month-high","status":"publish","type":"post","link":"https:\/\/www.teitsmateam.com\/blog\/2026\/10\/05\/us-mortgage-costs-hit-14-month-high\/","title":{"rendered":"US Mortgage Costs Hit 14-Month High"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/michelle-teitsma\/mortgage-costs-high-remotion-videos-de5b\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Mortgage costs have reached a 14-month high across the US, with the typical buyer\u2019s monthly payment now at $2,600 by late third quarter. As median home-sale prices held steady\u2014up about 2% year-over-year to $399,000\u2014affordability continues to be a challenge for many. We\u2019re seeing this reflected in flat pending sales month-over-month and a dip compared to last year. Even mortgage-purchase applications have slipped slightly, while new listings also dipped due to seasonal holidays, though they\u2019re still modestly ahead of the same period in 2025. What stands out in this market is the importance of pricing: about 21% of active listings cut their prices recently, and it\u2019s clear that sharper pricing is drawing more attention, while overpricing can lead to hesitation among buyers. Inventory has ticked up around 2% year-over-year to 1.5 million homes, but with supply near four months, we\u2019re still not quite at a balanced market. In West Michigan\u2014whether you\u2019re considering waterfront, single-family, condos, or new builds\u2014navigating these shifts requires a focused, experienced approach. Our team\u2019s deep local knowledge and commitment to smart strategy help clients make sense of today\u2019s numbers and find the right path forward.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage costs have reached a 14-month high across the US, with the typical buyer\u2019s monthly payment now at $2,600 by late third quarter. As median home-sale prices held steady\u2014up about 2% year-over-year to $399,000\u2014affordability continues to be a challenge for many. We\u2019re seeing this reflected in flat pending sales month-over-month and a dip compared to [&hellip;]<\/p>\n","protected":false},"author":512,"featured_media":34,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts\/33","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/users\/512"}],"replies":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/comments?post=33"}],"version-history":[{"count":0,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts\/33\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/media\/34"}],"wp:attachment":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/media?parent=33"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/categories?post=33"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/tags?post=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}