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Median monthly mortgage payments down from a year ago: Redfin

Recent data from Redfin suggests a potential improvement in housing affordability. The real estate brokerage reports that the median monthly mortgage payment has decreased to $2,588, marking a 1.3% decline from the previous year.

Yahoo Finance housing reporter Dani Romero breaks down the details as the 30-year fixed rate mortgage fell to 6.2% this week.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith

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