Greg Hahn

Greg Hahn REALTORĀ® 612-280-2311

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Mortgage Rates Continue to Move Up

June 23, 2022 by Greg Hahn

June 23, 2022
Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year. The combination of rising rates and high home prices is the likely driver of recent declines in existing home sales. However, in reality many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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