Mortgage rates jumped from 6% to as high as 6.75% this month, slowing activity slightly.

by | Mar 1, 2024 | Market Conditions

February isn’t known for a lot of action as it is historically one of the slowest 3 months of the year. Still, inventories were mostly flat with few new properties and sales happening. Although, the last week of the month showed good improvement. Mortgage rates are about 6.25% for a 30 year loan.