According to The Kobeissi Letter, the median US mortgage payment surged 4.9% year-over-year in May 2025 to a record $2,882 per month, with a cumulative increase of $580, or 25%, over the past three years. This spike accompanies a 1.7% rise in home prices year-over-year, reaching $391,725, near all-time highs (source: The Kobeissi Letter, May 27, 2025). Elevated housing costs may dampen consumer spending and risk appetite, potentially influencing liquidity flows into the cryptocurrency market as investors seek alternative asset classes amid rising financial pressures.