Pueblo County single family home sales continue to appreciate in value even though the number of homes sold continue to decline, year over year.

Mortgage Rates Fall a Little

The 30 year fixed-rate mortgage fell to 6.88% for the week ending in February.

“Evidence that purchase demand remains sensitive to interest rate changes was on display this week, as applications rose for the first time in six weeks in response to lower rates,” says Sam Khater, Freddie Mac’s chief economist. “Mortgage rates continue to be one of the biggest hurdles for potential home buyers looking to enter the market.”