After months of record highs, mortgage rates are showing signs of easing, sending some relief to potential homebuyers’ budgets.
The decline in mortgage rates from when they peaked in the fall is saving new homebuyers almost $300 a month on their monthly payments, according to an analysis from RedFin.
Looking at mortgage rates for the week ending Dec. 23, RedFin found that the monthly payment on the typical home in the U.S. was about $2,254, with a mortgage rate of 6.27%.
