Ted Bergstrom

MN Real Estate Team

612.723.5444

Ted@TedBergstrom.com

Mortgage Rates Decrease to Lowest Level Since May of 2023

January 18, 2024
Mortgage rates decreased this week, reaching their lowest level since May of 2023. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale.

Information provided by Freddie Mac.