House Hunters Stayed on Sidelines As Rates Dipped Below 6%

High prices and economic uncertainty kept demand muted; now, rates are already rising again and global tensions could add to homebuyer hesitation. 

The median monthly housing payment was $2,591 during the four weeks ending March 1, down 2.8% year over year. 

Payments are falling largely thanks to the weekly average mortgage rate dropping to 5.98% last week, down from 6.76% a year earlier…