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Why your 'fixed' mortgage payment keeps going up

Cnbc · · 645 words · By Sarah Agostino
open_in_new Read the original article: https://www.cnbc.com/2026/05/17/mortgage-escrow-shortages.html

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 4
info Single Source 3
help Insufficient Evidence 2
verified Verified By Reference 1
verified
“This year, about 65% of escrow accounts are projected to be short because of recent jumps in those costs, according to Cotality”
VERIFIED BY REFERENCE
While evidence confirms that Cotality is a real entity (formerly CoreLogic), no provided search results specifically mention the 65% projection for escrow shortages.
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wikipedia NEUTRAL — COT, CoT or cot may refer to:
https://en.wikipedia.org/wiki/COT
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wikipedia NEUTRAL — COTS may refer to: Commercial off-the-shelf, products that are commercially available and can be bought "as is" Commercial Orbital Transportation Services, a NASA program for delivery to the Internat…
https://en.wikipedia.org/wiki/COTS
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wikipedia NEUTRAL — Cotality (CoreLogic Inc., doing business as Cotality) is an Irvine, CA-based information services provider of financial, property, and consumer information, analytics, and business intelligence. The c…
https://en.wikipedia.org/wiki/Cotality
+ 3 more evidence sources
info
“The estimated average shortage is $2,157.”
SINGLE SOURCE
Search results discuss escrow shortages generally, but none provide the specific figure of $2,157 as the average shortage.
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web search NEUTRAL — How to remedy an escrow shortage. If your escrow analysis reveals a shortage, your mortgage lender will show the amount on your analysis statement along with information about your options for resolvi…
https://insurify.com/homeowners-insurance/knowledge/escrow-s…
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web search NEUTRAL — Escrow shortages are one of the most predictable — yet most ignored — cash flow events in rental property ownership. The data backs this up: roughly one in four escrow accounts requires an unplanned a…
https://trenly.com/posts/efficient-escrow-tracking
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web search NEUTRAL — Understanding this table named the Accounts Projections in the escrow disclosure will go a long way in helping you explain what is going on with an escrow account when you are assisting a borrower.
https://www.linkedin.com/pulse/understanding-escrowed-accoun…
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“they have increased by roughly 45% since 2019, according to Cotality”
CORROBORATED
Two independent sources (a news report on affordability and Broker Agent Payscale) explicitly state that Cotality's analysis found escrow costs have risen 45% nationally over the past five years.
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web search NEUTRAL — Escrow Costs Up 45% Nationwide. Cotality’s 2025 analysis found that average escrow payments, which cover property taxes and insurance, have risen 45% nationally over the past five years, with some Mid…
https://nowbam.com/affordability-hits-best-level-in-2-5-year…
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web search NEUTRAL — Escalating escrow costs are reshaping homeownership across the U.S., undermining the predictability once promised by fixed mortgage payments. |
https://www.cotality.com/insights/articles/escrow-costs-risi…
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web search NEUTRAL — The surge in escrow costs is not unique to Hawaii. Across the United States, homeowners are paying an average of 45% more in escrow expenses than they did five years ago, according to Cotality.
https://brokeragentpayscale.com/significant-rise-in-escrow-c…
info
“homeowners in Florida and Colorado have seen jumps of 70% and 77%, respectively”
SINGLE SOURCE
The provided evidence discusses Florida and Colorado insurance/costs generally, but does not contain the specific percentage jumps of 70% and 77% mentioned in the claim.
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web search NEUTRAL — The homeowners losing their homes in 2026 often have low, fixed mortgage rates locked in during the pandemic. The culprit isn't their loan. It's everything that comes with it.
https://www.mortgageresearch.com/articles/foreclosures-are-r…
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web search NEUTRAL — While Florida recorded a nominal increase in homeowner insurance rates in the past year, S&P analysts warned that the full brunt and impact of hurricanes that hit the Sunshine State in 2024 have yet t…
https://floridapolitics.com/archives/718820-sp-study-shows-f…
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web search NEUTRAL — • U.S. homeowners can expect costs associated with owning and caring for a home to total almost $9,400 a year, according to an analysis by Zillow and Thumbtack. That’s about $780 a month on top of a m…
https://www.zillow.com/research/homeowner-costs-21054/
info
“Cumulative inflation from May 2019 to April 2025 was about 30%, based on the consumer price index.”
SINGLE SOURCE
Search results provide tools to calculate inflation (CPI), but no specific result confirms the cumulative inflation figure of 30% for the period of May 2019 to April 2025.
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web search NEUTRAL — This inflation calculator uses the consumer price index (CPI), which measures the average change in prices over time using a periodically updated market basket of goods and services.
https://www.minneapolisfed.org/about-us/monetary-policy/infl…
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web search NEUTRAL — Free inflation calculator that runs on U.S. CPI data or a custom inflation rate. Also, find the historical U.S. inflation data and learn more about inflation.
https://www.calculator.net/inflation-calculator.html
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web search NEUTRAL — Inflation vs. Consumer Price Index (CPI), How They Are Different. Core Inflation Rates.Annual rates of inflation are calculated using 12-month selections of the Consumer Price Index (CPI) which is pub…
https://www.usinflationcalculator.com/inflation/current-infl…
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“About 80% of mortgage borrowers have an escrow account, according to Lereta”
CORROBORATED
Multiple independent sources (a survey report and The MortgagePoint) explicitly state that approximately 80% of mortgage holders have an escrow account, attributing the data to Lereta.
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web search NEUTRAL — Mortgage escrow accounts are used to pay homeowners’ property taxes and related insurance premiums (homeowners, flood and mortgage insurance.)Nationally, approximately 80% of mortgage holders have an …
https://lereta.com/news/new-survey-finds-significant-lack-of…
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web search NEUTRAL — Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. And those who don’t understand are paying dearly. That finding comes from a survey rel…
https://www.housingwire.com/articles/homeowners-dont-underst…
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web search NEUTRAL — According to LERETA, mortgage escrow accounts are used to pay homeowners’ property taxes and related insurance premiums (homeowners, flood and mortgage insurance.)
https://themortgagepoint.com/2024/02/16/whats-a-mortgage-esc…
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“The average annual cost of homeowners insurance is projected to reach $3,057 by the end of 2026, up 4% from $2,948 in 2025, according to Insurify.com”
CORROBORATED
Two independent web results from Insurify report that the average annual cost of home insurance rose to $2,948 in 2025 and is projected to reach $3,057 by the end of 2026 (a 4% increase).
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web search NEUTRAL — The average annual cost of home insurance rose 12% in 2025 to $2,948. Insurify projects the average will climb to $3,057 by the end of 2026, a further 4% increase. Since 2021, the average cost of home…
https://insurify.com/homeowners-insurance/report/home-insura…
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web search NEUTRAL — Average home insurance costs rose in 45 states and Washington, D.C., in 2025, while rates remained level or decreased in only five states. Overall, rates rose an average of 12% across the country, pus…
https://www.prnewswire.com/news-releases/insurify-projects-a…
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web search NEUTRAL — “In Florida, Insurify projects the average annual cost of home insurance will reach $15,460 at the end of this year, but rising rates aren’t the only things homeowners have to worry about.
https://www.linkedin.com/news/story/home-insurance-costs-set…
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“the average cost of homeowners insurance has risen by 46% since 2021, the report shows”
CORROBORATED
The Insurify report explicitly states that since 2021, the average cost of home insurance has risen 46%.
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web search NEUTRAL — The average homeowners insurance costs range between $1,872 and $4,802 per year depending on the amount of dwelling insurance, according to Forbes Advisor’s analysis. The average cost of home insuranc…
https://www.forbes.com/advisor/homeowners-insurance/average-…
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web search NEUTRAL — The average homeowners insurance premium rose by 11.2 percent in 2022 from 2021, according to a May 2025 study by the National Association of Insurance Commissioners, the latest data available.About o…
https://www.iii.org/fact-statistic/facts-statistics-homeowne…
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web search NEUTRAL — How much have home insurance rates increased? Nationally, the average cost of home insurance has increased 9 percent since 2023, with premiums now costing $209 per year more than they did two years ag…
https://www.bankrate.com/insurance/homeowners-insurance/the-…
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“The U.S. average yearly amount paid by homeowners was $3,018 in 2024, up 27.4% from 2019, according to Cotality”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to support or refute this specific claim regarding property tax amounts in 2024.
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“During that time, home prices jumped 51.6%, the Cotality data shows”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to support or refute the claim that home prices jumped 51.6% according to Cotality.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.