Mortgage Rates Hit 3-Year Low as US Housing Payments Fall

Reuters

Feb 26

Mortgage Rates Hit 3-Year Low as US Housing Payments Fall

Rocket Companies Inc. highlighted improving U.S. homebuying affordability as mortgage rates fell to 6.01%, the lowest level since September 2022, pushing the median monthly housing payment down to $2,599, according to a Redfin report. Despite the rate relief and roughly 4% higher wages, demand remains soft: pending home sales dropped 5.5% year over year and new listings fell 2.8%, with buyers held back by rising prices, economic uncertainty and severe winter weather.

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: 202602260800BIZWIRE_USPR_____20260226_BW595963) on February 26, 2026, and is solely responsible for the information contained therein.

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