Redfin: Typical US monthly mortgage payment hits 14-month high at $2,641
RKT•US homebuying costs rise to 14-month high
Redfin flagged US homebuying costs at a 14-month high in the four weeks ended Sept. 6, 2026, pressuring demand.
- Typical monthly mortgage payment rose to $2,641 as the median sale price increased 2.2% to $398,637; weekly average mortgage rate hit 6.71%.
- Pending sales fell 2.1% year over year to 309,160, near the lowest level since February, as elevated costs sidelined buyers.
Supply improves but remains near balanced-market levels
Supply edged higher, with active listings up 2.1% to 1.51 million; months of supply rose to 3.9, near balanced-market territory.
Sellers cut prices more often, with 20.8% of listings showing price drops; median days on market increased to 46.
