Redfin Reports Cheaper Mortgage Payments Bring a Trickle, Not a Surge, of Homebuying Demand

(NASDAQ:RDFN) SEATTLE--(BUSINESS WIRE)--Declining mortgage rates have pushed the median U.S. monthly housing payment down to $2,593, the lowest level since January, according to a new report from Redfin, the real estate brokerage powered by Rocket. The weekly average mortgage rate has ticked down to 6.56%, the lowest level in nearly a year. Lower monthly payments are leading to a modest uptick in home sales. Pending home sales rose 1.6% from a year earlier, in line with the increases Redfin has seen over the