mortgage payments

The monthly mortgage payment on a typical home in the Bay Area jumped more than 50% from a year ago, soaring to over $9,000 in San Jose and above $8,000 in San Francisco, according to a report from Zillow.

More than 2.9 million homeowners have taken advantage of a program designed to provide relief to holders of government-backed mortgages, part of the coronavirus CARES Act relief package. This represents 5.5% of all active mortgages, according to Black Knight, a mortgage data and analytics company that is now tracking the growing numbers daily.  The program allows borrowers to delay their…