Redfin Reports Typical Monthly Housing Payment Drops to $115 Below Record As Mortgage Rates Decline, But House Hunters Are Still Waiting on the Sidelines

SEATTLE–(BUSINESS WIRE)– #housingmarket–(NASDAQ: RDFN) — The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s despite home prices sitting just about $100 shy of last week’s record high. Daily average mortgage rates have dropped to their lowest level since February after last week’s cooler-than-expected inflation report