Redfin reports mortgage rates drop to 10-month low, pushing down monthly housing payments

Seattle--(business wire)--the typical homebuyer's monthly mortgage payment is $2,614, the lowest level since january and down $224 from may's all-time high, according to a new report from redfin, the real estate brokerage powered by rocket. housing payments are falling mainly because mortgage rates are falling. the weekly average mortgage rate dropped to a 10-month low of 6.58% last week in the wake of a weak july jobs report and a neutral inflation report. it's worth noting that another reason.
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