Ted Bergstrom

MN Real Estate Team



Mortgage Rates Slow Their Upward Trajectory

October 20, 2022
The 30-year fixed-rate mortgage continues to remain just shy of seven percent and is adversely impacting the housing market in the form of declining demand. Additionally, homebuilder confidence has dropped to half what it was just six months ago and construction, particularly single-family residential construction, continues to slow down.

Information provided by Freddie Mac.