PHH Home Loans Blog

Cable Costs on the Rise

November 3rd, 2016

people-older-man-cutting-tv-cable-retiredCable Cutting on trend

Cable prices are rising, and cord cutting is real, according to a survey by Leichtman Research Group.

The average monthly cable bill is now up to $103.10, an increase of 4% from last year, according to the Consumerist. That rise surpasses the current U.S. inflation rate, which is about 1.1 percent.

Meanwhile, the cord cutter movement is slowly gaining steam. More than 82 percent of households subscribe to cable, satellite or fiber pay TV. But that number is down from 2011 when 87 percent were cable TV subscribers.

Cord cutters have more choices than ever. In metropolitan areas, a $10 antenna can snag local TV digital signals out of the air for free, but it won't work very well for people in rural areas.

Hulu, at about $10 per month, offers movies and network television shows one or two days after they air.

Netflix, $10 per month, offers movies, television, and original programming.

Sling TV, $20 per month, offers live sports and a variety of other channels.

These options depend on a high -speed internet connection, however, and that can add to the price of television.

One easy change consumers can make is buying their own DVR.

Cable boxes run about $20 per box per month, but a DVR can be purchased for $100 to $175, according to cableboxandmodem.com. These boxes require $3 cable card, which cable companies are required to sell.

This is not a commitment to lend. Loan programs, rates and terms subject to change without notice and are subject to property and credit approval. For informational purposes only. Restrictions may apply. Your real estate professional is not a mortgage lender. Please contact your Loan Officer for information about mortgage products and your eligibility for home financing. PHH Home Loans, LLC, 1 Mortgage Way, 3rd Floor, Mt. Laurel, NJ 08054. NMLS ID # 4256 (www.nmlsconsumeraccess.org). Arizona Residential Mortgage Licensee #BK 0907270; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; Illinois Residential Mortgage Licensee #MB.6759865; 100 W. Randolph, 9th floor, Chicago, IL 60601, 800-532-8785; Minnesota - This is not an offer to enter an interest rate lock-in agreement; Missouri in state office located at 2458 Old Dorset Road, Maryland Heights, MO; Ohio Certificate of Registration MB.804019. Equal Housing Lender.
NMLS Consumer Access

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