Ted Bergstrom

MN Real Estate Team



Mortgage Rates Continue to Slide Down

November 22, 2023
Mortgage rates continued to decrease heading into the Thanksgiving holiday. In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory. This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.

Information provided by Freddie Mac.