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Is it normal for monthly mortgages to fluctuate multiple times in just a few years?

We bought our house for $325k at a fixed rate of 3.00% in November 2021. Since buying, our monthly mortgage has changed by several hundred dollars, and as first-time homeowners we're very confused. We understand the general idea of an escrow analysis, but why on earth does everything change so often and by so much sometimes? Is this normal? We spoke with our parents about this and they said that fluctuations can happen but it's usually nowhere close to the frequency and amount of ours.

Here's the general timeline of our monthly mortgage adjustments since then. These figures are rounded a bit since I don't remember the exact amounts.

November 2021 - $2000

May 2022 - $1800

June 2023 - $2300

January 2024 - $2450

February 2024 - $2350

submitted by /u/devastacao
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source https://www.reddit.com/r/RealEstate/comments/1axvte8/is_it_normal_for_monthly_mortgages_to_fluctuate/
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