Mortgage Rates Rise, Sending Homebuyers to the Sidelines -- Market Talk

Dow Jones03-26

1022 ET - Pending home sales fell 1% year over year, Redfin says. That's the biggest decline in a month. On the selling side, new listings inched up 0.3% year over year. House hunters are wary partly because of rising mortgage rates and economic uncertainty. The weekly average mortgage rate has hit a three-month high of 6.22%. The daily average mortgage rate rose as high as 6.55% on Tuesday. Rising mortgage rates, along with a 1.8% year-over-year increase in U.S. home-sale prices, have driven the median monthly housing payment to $2,695--the highest level since June. The median payment is down 1.5% compared to a year ago. (chris.wack@wsj.com)

(END) Dow Jones Newswires

March 26, 2026 10:22 ET (14:22 GMT)

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