Mortgages rates have hit the lowest point since April 2023, new data shows, as recession fears reach the housing market. Real estate company Redfin said in a report on Thursday that mortgage rates hit a daily average of 6.34 percent earlier this week. The company cited the recent underperforming jobs report and resulting “recession jitters” as a key factor behind the decline. The median home sale price has also seen a downward trajectory, hitting $389,750 in the four-week period that ended on Sunday. The company said that’s more than $6,000 lower than the all-time high seen last month. “While that’s a typical seasonal decline, the year-over-year increase of 3.2 percent is the smal
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