![](https://www.redfin.com/news/wp-content/uploads/2023/11/4511-Avenue-F_Austin_TX_02-768x512.jpg)
Housing Market Update: Buyers Have a Few Things to Be Thankful For This Week, With Listings Rising and Mortgage Rates Falling
New listings posted their biggest year-over-year increase since 2021 during the four weeks ending November 19. The median monthly mortgage payment has fallen more than $100 over the last month as rates dropped from 8% to 7.3%. Buyers are acting on the good news: Mortgage-purchase applications increased 4% this week to their highest level in