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0.00530269553689781 0.0048608042421564 0 0.00132567388422437 -0.000441891294741563 -0.00154661953159523 0.0167918692001767 0.0223155103844454
Stock impact report

Monthly Housing Costs Start the Year Down 5%, the Biggest Decline in Over a Year

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Business Wire
Redfin reports house hunters are getting some relief as mortgage rates dip SEATTLE--(BUSINESS WIRE)--The median U.S. monthly housing payment dipped to $2,413 during the four weeks ending January 11, near the lowest level in two years and down 5.5% from a year earlier. That’s the biggest decline since October 2024, according to a new report from Redfin, the real estate brokerage powered by Rocket.Housing payments are coming down because mortgage rates are falling. The daily average mortgage rate dropped to 5.99% last week, its lowest level in nearly three years, after President Trump ordered federal agencies to buy $200 billion in mortgage bonds (the daily average rate has since ticked up to 6.07%). To look at the impact of declining mortgage rates another way: homebuyers’ purchasing power has increased by roughly $14,000 in the last month and $30,000 in the last six months.Monthly housing payments would be falling more if not for still-rising sale prices. The median home-sale price Show less Read more
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