【CBRE】Why your ‘fixed’ mortgage payment keeps going up

• About 80% of mortgage holders have an escrow account, which pays out property taxes and homeowners insurance premiums, as well as mortgage insurance if the borrower is required to have it.
• Escrow costs have jumped 45% since 2019, according to Cotality.
• Your lender generally spreads out any shortfall over 12 months or may allow you to pay the amount upfront.

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