#mortgage-costs

#mortgage-costs

Property insurance costs continue to be the fastest growing subcomponent of mortgage payments among existing homeowners, said Andy Walden, head of mortgage and housing market research at ICE Mortgage Technology. While mortgage principal, interest and property tax payments have all increased in recent years, insurance has far outpaced those gains, rising 4.9% in 2025, 11.3% annually and nearly 70% over the past five and a half years.