Buying a house in 2025: your how-to guide
By Abby Badach Doyle, NerdWallet
It won’t be impossible to buy a house in 2025 — just be prepared to play on hard mode.
According to a November 2024 report from ICE Mortgage Technology, the monthly principal and interest payment on an average-priced home is $2,385. While that’s not the highest it’s ever been, it’s still a sharp increase — nearly 80% — from just three years ago. In November 2021, when mortgage rates averaged 3%, the monthly principal and interest on an average-priced home was $1,327 per month.
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