Colorado Housing Market Faces Falling Buyer Demand as Mortgage Rates Hit Two-Year High
The average 30-year fixed mortgage is above 7%, forcing builders and lenders to offer incentives as refinancing and purchase demand remain weak.
6 Articles
6 Articles
Colorado 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…
Home sellers may have to 'take a hit' as rates rise, real estate experts say
American homeowners expecting peak-market valuations are confronting a changing real estate landscape following the Federal Reserve’s latest interest rate decision. Rising borrowing costs are shrinking the pool of qualified buyers, signaling a potential wave of price reductions for sellers seeking to close deals before year-end, real estate insiders told Fox News Digital. “Sellers have… very […]
Real estate stocks slip as Fed hikes, mortgage rates continue to climb
Will mortgage rates rise to 8% or drop to 6%? - Boston Real Estate Investors Association
Mortgage rates are over 7% again, something very common in the past few years, but 2026 was supposed to be the first year that mortgage spreads were going to shield the housing market from rates getting above 7%. However, as we enter the seventh month of the conflict with Iran, oil prices are at $100, […]
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