Newscruncher is a daily series that breaks down the characteristics of your town by the numbers. You can see more posts by clicking the Newscruncher link above the headline or by checking out our weekend roundups. If you see any technical issues with this map, or if you'd like to suggest ideas for future Newscruncher articles, please email email@example.com.
This map shows a snapshot of the monthly costs for mortgage owners across different areas of your town. The numbers represent the sum of payments to mortgages, deeds of trust, contracts to purchase, and other property related expenses.
Last week, the U.S. mortgage rates fell to a four-month low with the average rate for 30-year fixed mortgages dropping to 4.13 percent from 4.28 percent the week prior.
The data in this map are from the United States Census Bureau's 2011 American Community Survey. These values are an estimate for 2011 taking into account 60 months of collected data. You can learn more about the survey here.
Using your cursor, you can hover over any census tract – the geographic region defined by the U.S. Census – and see the monthly cost for mortgage owners in the box in the upper right hand corner of the map.
In 2012, the annual average was 3.66 percent, a drop from 4.45 percent in 2011. Certain experts expect mortgages will actually rise along with home prices in the current economy.