The typical monthly payment on a median-priced $415,000 home at today’s 6.18% mortgage rate is roughly $2,025. (That’s ...

You'll need an annual income of at least $215,000 if you're hoping to afford payments on a $1 million home with a $5,000 monthly mortgage payment.

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Mortgage rates for a 30-year fixed loan rose to 6.72% this week, up from 6.6% last week. The median listing price fell by 1.2% compared with last year. (Median home prices hit $416,880 in November.) ...