Despite high housing costs and a limited supply of homes for sale, many people are out house hunting.  The typical U.S.  homebuyer’s monthly housing payment hit an all-time high of $2,538 as average weekly mortgage rates rose to 6.39% after five consecutive weeks of declines. The new high comes in spite of the median home-sale … Continue reading Housing Market Update: Home Prices Drop 3%, But Monthly Housing Payments Hit Record High As Mortgage Rates Tick Up