This week, mortgage rates are climbing while home prices are dropping. The median home price fell from $425,000 in September to [$424,950 in October](https://www.realtor.com/research/october-2024-data/). Mortgage rates [rose to 6.72%](https://www.realtor.com/news/real-estate-news/mortgage-rates-up/) this week for a 30-year fixed loan, up from 6.54% last week. What impact do these changes have on your monthly mortgage payment? Here’s the monthly
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