With mortgage rates declining, homebuyers must decide: buy now with little competition, or bet on rates falling more?

Seattle--(business wire)--the median u.s. home-sale price rose 2.2% year over year during the four weeks ending september 14, the biggest increase in five months. that's according to a new report from redfin, the real estate brokerage powered by rocket. this week's median monthly housing payment is $2,590, up slightly from last week's nine-month low but still near the lowest level of 2025. payments increased despite the weekly average mortgage rate dropping to 6.35%, the lowest level in nearly.
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