Real Estate Finance News Recap: March 2021

Real Estate Finance News Recap: March 2021

Here’s a quick digest of what happened in real estate finance last month:

+ Mortgage rates remain historically low at 3.18% as of April 1st. However, the upward trend in rates may be a reason that homebuyer demand has dropped from 25% above pre-COVID levels at the start of 2021, to 8% above pre-COVID levels today.

+ The increase¬†in mortgage rates from the beginning of the year is adding an average of $93 per month to homebuyers’ mortgage payments — roughly $1,100 per year.

 

Have questions about what’s happening in real estate in your neighborhood? Let’s chat!

Interested in the Denver real estate market? Subscribe to our weekly emails to get more information like this.

Subscribe

Share This Post

Related Post

Up Next
Connecting people to people.