Other factors have also pushed up costs. The tax law President Trump signed last year limited the amount of deductions for property tax and mortgage interest. Meanwhile, mortgages aren’t so cheap anymore. The average rate for a 30-year fixed mortgage was 4.55% this week, according to Freddie Mac. That’s down from a recent high of 4.94%, but it’s far higher than the 3.99% level of a year ago.

Source: Los Angeles Times December 27, 2018 19:18 UTC