Redfin reports pending home sales rise 2% as mortgage rates sit at lowest level in 10 months

Seattle--(business wire)--falling mortgage rates have pushed the median u.s. monthly mortgage payment down to $2,616, its lowest level since the start of the year, according to a new report from redfin, the real estate brokerage powered by rocket. the weekly average mortgage rate is sitting at 6.58%, its lowest level in 10 months. lower housing costs are bringing some house hunters off the sidelines. pending home sales rose 1.6% year over year during the four weeks ending august 27. that marks.
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