Homes await buyers in Irvine, Calif., on Sept. 21, 2020. John Fredricks/The Epoch Times
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.
