Homebuyers Stay Cautious as Mortgage Rates Dip Below 6%

Reuters03-05
Homebuyers Stay Cautious as Mortgage Rates Dip Below 6%

Rocket Companies-backed Redfin said U.S. homebuying demand remained muted even after 30-year mortgage rates briefly dipped below 6%, citing high prices, tight inventory and broader economic uncertainty. The report noted the median monthly housing payment fell 2.8% year over year to $2,591, while the median sale price rose 1% to $381,750 as active listings declined 1.9% and pending sales dropped 2.8%. Redfin added that escalating conflict involving Iran could increase short-term mortgage-rate volatility, but expects the overall impact on housing demand to be limited unless the situation drags on and meaningfully disrupts oil markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603050800BIZWIRE_USPR_____20260305_BW877082) on March 05, 2026, and is solely responsible for the information contained therein.

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