I recently received an escrow statement from my lender telling me that my monthly contribution to escrow was going to increase because the CPI (consumer price index) was up 2.1%
In response to my query questioning whether this was in relation to the recent reassessments:
Citibank (they bought the original mortgage) holds the note.
I thought about the recent reassessment, but 1) It’s not yet ‘official’, right? Isn’t there a comment period before it’s set in stone? 2) The lender didn’t mention it as a reason for the increase – just cited CPI.