Colorado Association of REALTORS | Interest Rates Are Slowing Down the Market
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Interest Rates Are Slowing Down the Market

Apr 29 2022

Interest Rates Are Slowing Down the Market

Mortgage rates are over 5%, and the federal interest rate hikes are doing what they were intended to do, according to CAR Spokesperson Kelley Moye. “Interest rate increases are slowing everything down.” She says that double-digit price hikes are a thing of the past: “We won’t see another 20% price increase like we did last year. We’re seeing fewer showings on the weekend, we’re seeing houses not sell in a weekend, there are still bidding wars but instead of 10, there’s three.”

https://www.9news.com/video/money/markets/real-estate/how-are-rising-interest-rates-impacting-denvers-housing-market/73-afab801c-a463-4ffa-8440-6da63856bcf4

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