Real Estate Stats: 10/20-10/27

Keenan Coit, Coldwell Banker Distinctive Properties

The average 30 year mortgage rate is sitting at 6.19%, down slightly from 6.54% this time last year.

According to both Fannie Mae and the Mortgage Bankers Association, most of the short term rate relief is likely behind us.

Fannie Mae expects rates to land around 5.9% by late 2026, while the MBA sees them closer to 6.4%. In short, unless the economy takes a sharper turn, don’t expect major moves from here.

In Mesa County

There are currently 771 active homes on the market in Mesa County. This is a 3% decrease compared to one week ago.

The average sold price YTD is $468,426. 

The median sold price YTD is $405,000.

Mortgage Rates Today

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