Southern, Calif. home mortgage payments rise in May - 2005-06-16
Monthly mortgage payments across Southern California continued to climb in May but were about 5 percent below their 1989 peak after adjusting for inflation, suggesting the region's housing market likely will stay hot this summer, analysts said Wednesday.
The typical monthly mortgage payment for Southern California home buyers in May bumped up to $2,028 from $2,019 in April and $1,884 a year earlier.
Read the full story at San Diego Union Tribune