February 15, 2023 🚨The average 30-year fixed mortgage rate jumps back to 6.75%. That’s a new high mark for 2023. pic.twitter.com/J9NgjuQ457 — Lance Lambert (@NewsLambert) February 15, 2023 The average rate for a 30 Year Fixed Rate Mortgage (Conforming Amount) is at a high now for 2023 after making a fast move up from near 6% to 6.75% over the past few weeks. After these rates Continue Reading
Archives for February 2023
Denver Real Estate Has Never Been More Expensive
February 15, 2023 Like Ever. Full Stop. Yes, You Heard That Right: Denver Real Estate Has Never Been More Expensive. There are indices used to compare the cost of Real Estate over time in a given city like Denver. The most well-known and respected is the Case Shiller index. Instead of merely looking at averages over time, this index compares sales of the same Continue Reading
Denver Prices Now Down 21% To Date Since May 2022 Peak
February 15, 2023 Denver Median Prices down 21.89% from May 2022 to January 2023 It comes as no surprise to anyone who follows Colorado Real Estate that the frothy prices in Denver, driven skyward by the loosest and cheapest borrowing rates ever (unleashing incredible demand from primary residents, second home owners, and investors alike), would peak and retreat once the Federal Reserve Continue Reading
