According to The Kobeissi Letter, the median US mortgage payment soared by 4.9% year-over-year in May 2025, reaching a record $2,882 per month. Over the past three years, monthly payments have increased by approximately $580, or 25%, paralleling a 1.7% annual rise in home prices to $391,725. This surge in housing costs signals tightening household budgets, which could reduce liquidity and retail investment in risk assets, including cryptocurrencies. Crypto traders should monitor potential capital flow shifts as higher mortgage payments may prompt investors to diversify away from traditional real estate into digital assets or preserve cash, especially if housing affordability continues to deteriorate. (Source: The Kobeissi Letter, Twitter, May 27, 2025)