Tag: Mortgage Rates
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Mortgage rates hit 3-year low
The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring home-buying season gets rolling. The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate…
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Denver’s housing inventory has hit its highest level in a decade. What’s next for the market?
While the number of homes listed in the region are at a decade high, sales are down. But Fed cuts and falling mortgage rates may lure waiting buyers.
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High rates send a chill through Denver’s holiday home market
While retailers here and around the country are optimistic about a great holiday shopping season in coming weeks, real estate agents are feeling no such glee as the inventory of homes-for-sale falls, driving long term prices higher. “This market is going to be a function of mortgage rates, and that controls buyers and it controls…
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Rising interest rates jinxing the Denver housing market, says new report
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In a month when a late monsoon is cooling summer temperatures around the Mile High, interest rates are chilling the area’s real estate market, according to a newly released report by the Denver Metro Association of Realtors. While real estate agents have hopes that rates will fall later in the year as inflation lessens, that’s…
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Metro Denver home sales gathering momentum again?
After a half year of declining sales in the wake of sharply higher mortgage rates, the National Association of Realtors is seeing an upward turn in pending home sales — and Denver area brokers are already marking that same bounce. “It’s been crazy the last month,” said Rike Palese, broker/manager of ReMax Professionals’ DTC office…