Real Estate Finance News Recap: October 2021

Real Estate Finance News Recap: October 2021

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

+ 30-year mortgage rates ended the month at 3.14%. While rates are rising, purchase demand is remaining steady.

+ Inflation reached a 13-year high of 5.4% annually. This has led the Fed’s announcement to raise interest rates and taper the purchase of Treasurys and mortgage-backed securities.

+ The Mortgage Bankers Association has forecasted 30-year mortgage rates to hit 4.0% by the end of 2022.

 


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.