Another normally hot month for sales that is anything but hot. Closed sales volume, prices, new listings, and pending sales all down. The market continues to be stymied by interest rates. If rates begin to fall in the last half of the year and early part of next year we could see a dramatic shift …
To aid in putting this article into context, please make certain you check out my blog article for the June 2023 Metro Denver Market Report. As reported in several media outlets such as Forbes Advisor, US News and World Report, GoBankingRates, CNBC and others they all are citing the following sources and their predictions for …
Where Are Mortgage Rates Headed And Should I Buy/Sell Now Read More »
You wouldn’t know it by the data that we are in what is usually our busy season. With buyers and sellers down on 30-year mortgage rates that are in the high 6% to lower/mid 7% range, it is no wonder that our market is down. You have sellers who do not have to move and …
If you are considering the purchase of home and you do not have the luxury of paying cash for a home, you most likely are considering a 30-year fixed mortgage. If you have not recently checked, you might be surprised to find that mortgage rates here in Colorado are now over 5%, as they are …
Mortgage rates saw their largest weekly increase since the onset of the COVID pandemic in March of 2020. Rates on 30-year fixed mortgages spilled just over 4% last week which was up from 3.8% the week prior on news that the Federal Reserve may aggressively begin manipulating interest rates in an effort to quell ongoing …
Mortgage Rates See Largest Weekly Increase Since March 2020 Read More »
