Credit cards are now becoming a big part of the financial lives of millions of people.They're used to make the payments you might make on a credit card.They're also a convenient way to get your mortgage, especially if you've got a family member with the same income level as you.But they can also be risky if they're used incorrectly, as was the case in this recent story.The story starts in 2007 whe...
The average Texas home loan is now at $7,717, according to the Mortgage Calculator, which tracks the value of the average home loan.
It is expected to rise by another $3,000 this year.
The average for the nation is about $6,500, and for Texas it is about another $4,000.
The mortgage calculator says Texas has seen the fastest growth in median home prices in the country, rising from about $9,500 in 2011 to $10,700 in 2016.
Texas has also seen the largest increase in median mortgage payments, from about 1.5 percent in 2011-2016 to 4.2 percent in 2017-2018.
The average home in Texas now has an average loan balance of $2,924.
The median home in New Jersey is at $2.8 million, and the average loan in New York City is at about $2 million.
In Texas, the median loan balance is about half that, at about half of $1.9 million.
The median home loan in Texas was $1,890 in 2016, the most of any state, according for the U.S. Census Bureau.