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Colorado housing market faces falling buyer demand as mortgage rates hit two-year high
Home sales slowed as 30-year mortgage rates reached 7.09%, and the Colorado Association of Realtors reported an 11.3% drop in August sales.
Summary by Craig Press
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Craig Press
Craig PressColorado housing market faces falling buyer demand as mortgage rates hit two-year high
Fewer Colorado homes are selling, and those that do are taking longer to move — a trend that could deepen as mortgage rates climb above 7%, adding to affordability concerns for would-be buyers. The average interest rate on a 30-year fixed mortgage rose to 7.09% on Friday, Sept. 18, climbing to its highest point in at least a year and a half, according to Bankrate. “It is definitely a psychological number for buyers and sellers, and people looki…
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Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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