Realtor.com Reports on Hometap Survey Data on Generational Mortgage Stress

Buying a home is exciting, but for many millennials, it’s not all nesting and redecorating. In fact, a recent Hometap survey of 1,000 homeowners revealed that millennials are more stressed about paying their mortgages than any other generation.

“Millennials have a lot on their cumulative financial plates—thanks to soaring home values and corresponding large mortgages. Add in high interest rates as the icing on the cake and you can see how financial strain is hitting this demographic hard,” says Doug Perry, strategic financial advisor at Real Estate Bees in Bethesda, MD.

This article originally appeared in Realtor.com. Read the full article here.