Bruce Erickson

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Over fifteen years of real estate experience in Minneapolis ans surrounding communities.

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Mortgage Rates Continue Their Upward Trajectory

March 9, 2023 by nimdaerickson

March 9, 2023
Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy. Overall, consumers are spending in sectors that are not interest rate sensitive, such as travel and dining out. However, rate-sensitive sectors, such as housing, continue to be adversely affected. As a result, would-be homebuyers continue to face the compounding challenges of affordability and low inventory.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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