Redfin Reports Bay Area Homebuyers Stand to Save Thousands on Monthly Payments Following Mortgage-Rate Decline
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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investors.redfin.com/investor-relations
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Source: Business Wire
Mortgage rates have fallen to 6.1% from over 7% in the spring, pushing housing payments down by thousands of dollars in the Bay Area and hundreds of dollars in most other major metros SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The typical San Jose, CA homebuyer’s monthly housing payment has fallen more than $2,000 from its springtime peak, landing at $9,398 in mid-September. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. San Jose saw the biggest drop in monthly housing payments among the U.S. metros Redfin analyzed.Housing payments are falling due mostly to lower mortgage rates: In anticipation of the Fed’s historic interest-rate cut, which happened last week, the average 30-year mortgage rate fell to 6.1% in mid-September from roughly 7.2% at the end of April. Home prices falling from their peak also play a part in declining housing payments; San Jose’s median sale price dropped about 7% over that period (some of that declin
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News
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RDFN
Earnings
- 8/6/24 - Beat
RDFN
Sec Filings
- 8/28/24 - Form 4
- 8/27/24 - Form 4
- 8/23/24 - Form 144
- RDFN's page on the SEC website