Nowhere does a bigger gap exist between the average mortgage rate borrowers are holding and what the market is charging than in Colorado, and that could create a bigger disincentive to sell, according to a study from U.S. News & World Report. The mortgage rate lock-in gap, also known as the “golden handcuffs,” is 3.45 points in Colorado, the largest of any state.

BING NEWS:
  • The financial markets are freaking out. That should be good for mortgage
    Bank of America analysts said that U.S. recession risk is rising and are projecting more than 100 basis points of rate cuts before year's end.
    08/6/2024 - 7:34 am | View Link
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