Mortgage Rates Surge: How the Election Could Impact Homebuyers’ Wallets
Denver, Colorado – Real estate experts and industry insiders were gearing up for a bustling fall homebuying season in Colorado as mortgage rates hit a two-year low, following a jumbo interest rate cut by the Federal Reserve. However, their hopes were dashed when rates unexpectedly started to climb, sending potential buyers back to the sidelines. With mortgage rates trending above 7% for the first time in recent days, many market watchers worry this surge will …