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The median monthly mortgage payment in the United States hit $2,742 for the four weeks ending March 29, marginally up from last year and registering the first year-over-year increase in almost six months, real estate brokerage Redfin said in an April 2 statement.
“Housing payments are climbing because the Iran war and rising oil prices have pushed the weekly average mortgage rate up to a six-month high of 6.38 percent,” the brokerage said.
In 2025, the average weekly mortgage rate on a 30-year fixed-rate mortgage had hit its annual high of 7.04 percent in mid-January, according to data from Freddie Mac. Rates then entered a downward trend, falling to a low of 5.98 percent for the week ending Feb. 25 this year, the first time since September 2022 that rates had fallen below the 6 percent level….
“Housing payments are climbing because the Iran war and rising oil prices have pushed the weekly average mortgage rate up to a six-month high of 6.38 percent,” the brokerage said.
In 2025, the average weekly mortgage rate on a 30-year fixed-rate mortgage had hit its annual high of 7.04 percent in mid-January, according to data from Freddie Mac. Rates then entered a downward trend, falling to a low of 5.98 percent for the week ending Feb. 25 this year, the first time since September 2022 that rates had fallen below the 6 percent level….
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