Money Monthly mortgage payment up nearly 20% from last year. Why are prices rising? August 8, 2023Bailey Schulz, USA TODAYComments Off on Monthly mortgage payment up nearly 20% from last year. Why are prices rising? The typical U.S. homebuyer's monthly mortgage payment was $2,605 during the four weeks ending July 30, up 19% from a year prior, according to Redfin.