The average monthly mortgage payment in the U.S. surpassed $2,000 for the first time, hitting a record $2,005 in late 2025, according to Realtor.com. This marks a 44% surge, or over $600 more per month, compared to 2021, driven by high home prices and elevated interest rates. This surge created intense affordability pressure and a "lock-in" effect for owners with lower rates