Bruce Erickson

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

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Mortgage Rates Drop for the Fifth Consecutive Week

November 30, 2023 by nimdaerickson

November 30, 2023
Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates. The current trajectory of rates is an encouraging development for potential homebuyers, with purchase application activity recently rising to the same level as mid-September when rates were similar to today’s levels. The modest uptick in demand over the last month signals that there will likely be more competition in a market that remains starved for inventory.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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