US Housing Payments Rise for First Time in 8 Months as Prices Hit Record High, Redfin Says

() -- US housing payments in June rose for the first time in eight months as home prices hit a record high and mortgage rates remained elevated, Redfin.com said Thursday. The median monthly mortgage payment increased 1.4% to $2,633 in the four weeks ended Sunday from a year earlier, according to the online real estate brokerage. The median home-sale price climbed 2.5% to a record $408,838 in the period, Redfin said. The median asking price rose 3.7% to $404,414. The average 30-year fixed mortgage rate hit 6.49% in the week ended June 25, up from 6.47% in the previous week and down from 6.77% a year earlier, Redfin said, citing Freddie Mac data. At the end of June, the daily average mortgage rate reached 6.54%, according to the report. Pending home sales in the four weeks ended Sunday rose 2% from a year earlier, and new listings increased 1.7%, Redfin said. Last week, Redfin data showed new home listings in the four weeks ended June 21 dropped to the lowest in almost four months as home-buying activity remained soft. Mortgage applications last week rose 1% from the previous week and increased 3% from a year earlier, Redfin said, citing data from the Mortgage Bankers Association..