Expert Shares Good News for Home Buyers

Mortgage rates have been all the talk this past week, but according to a report out on Jan. 4, the median U.S. monthly housing payment is making waves, too.

According to research from Redfin, that median U.S. monthly housing payment fell to $2,365 during the four weeks ending on Jan. 4, which is down 4.7% from the same time last year and marks the lowest amount since the beginning of 2024.

So, why did monthly payments fall? According to Redfin, it's because the weekly average mortgage rate fell to 6.15% last week...