Dennis Holmquist

612-867-7636

MENUMENU
  • Home
  • Property Search
  • Listings
  • Resources
    • Sellers
    • Buyers
  • News
  • About
  • Contact

Mortgage Rates Tick Up

October 3, 2024 by Dennis Holmquist

October 3, 2024
The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market’s enthusiasm on rate cuts was premature. Zooming out to the bigger picture, mortgage rates have declined one and a half percentage points over the last 12 months, home price growth is slowing, inventory is increasing, and incomes continue to rise. As a result, the backdrop for homebuyers this fall is improving and should continue through the rest of the year.

Information provided by Freddie Mac.

Filed Under: Interest Rates

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Schools
  • Area Links

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

  • Facebook
  • Instagram
  • Twitter

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Schools
  • Area Links

Keep in Touch!

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

Copyright © 2025 | DawnInk LLC