Monthly Mortgage Payments Tick Up in March on Higher Rates, Oil -- Market Talk

Dow Jones04-03

1206 ET - The median U.S. monthly mortgage payment is $2,742, up 0.4% year over year, Redfin says. That's a small increase, but the first in nearly six months. Housing payments are climbing because the Iran war and rising oil prices have pushed the average mortgage rate up to a six-month high of 6.38%. Home-sale prices are a factor, too; the median home-sale price rose 2.1% from a year earlier during the four weeks ending March 29, the biggest uptick in a year. Pending home sales declined 1.2% year over year, and mortgage-purchase applications fell 3% week over week. The typical home spends 53 days on the market before going under contract, five days longer than last year. On the selling side, new listings are ticking up; they rose 1.7% year over year. (chris.wack@wsj.com)

(END) Dow Jones Newswires

April 02, 2026 12:06 ET (16:06 GMT)

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