Mortgage Rates Are Rising: A State-by-State Analysis

Wednesday, 23 October 2024, 16:00

Mortgage rates are surging across the U.S., with several states experiencing significant increases. Colorado leads with a 4.9% rise in mortgage rates, reflecting broader economic impacts. This trend sheds light on the housing market's impact on the U.S. economy and real estate landscape.
Newsweek
Mortgage Rates Are Rising: A State-by-State Analysis

Mortgage Rates on the Rise in 2024

A new map reveals which U.S. states have seen the sharpest increase in mortgage rates this year, driven by a combination of economic factors, including inflation and fluctuating real estate demand.

State Comparisons

  • Colorado: The state with the largest average increase, at 4.9%, rising to 5.7% percent in Q2 2024.
  • Missouri: The second highest, rising by 3.1% to reach an average rate of 6.3% percent.
  • Louisiana: With an average increase of 2.7%, the rate now stands at 6.8% percent.

This trend raises questions about the housing market and its implications for the U.S. economy.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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