Mark Behlen

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Mortgage Rates Show Little Movement

February 8, 2024 by Mark Behlen

February 8, 2024
Mortgage rates remain stagnant, hovering in the mid-six percent range over the past several weeks. The economy and labor market remain strong with wage growth outpacing inflation, which is keeping consumer spending robust. Meanwhile, affordability in the housing market is an ongoing issue due to continued high home prices, elevated mortgage rates and low supply of homes on the market, particularly for first-time and low-income homebuyers.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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    • Townhomes For Sale
    • Search
    • Market Trends
      • Closing Chart
      • Pending Chart
      • Supply Chart
      • Inventory Chart
      • DOM Chart
      • DOM Residential by Price Chart
      • DOM TH Chart
      • DOM TH by City Chart
      • DOM TH by Metro-City Chart
      • DOM Metro Chart
      • DOM Metro Chart All
    • Resources
      • Sellers
      • Buyers
    • Contact
    • Logan
    • Brookside