Today’s mortgage rates have slightly eased to 6.92%, after reaching recent highs of over 7%. This small dip offers a bit of breathing room, though rates remain historically elevated, continuing to challenge affordability. The share of first-time homebuyers has dropped to a 43-year low, with many sidelined by higher borrowing costs.

Despite these hurdles, September saw a surprising 7.4% increase in pending home sales during a brief rate dip. This spike suggests there’s still buyer interest, but sustaining that momentum may be difficult as rates remain near 7%.

While the Federal Reserve has recently cut rates, this hasn’t yet translated to mortgage relief. Many experts predict mortgage rates may remain elevated into 2025, which means affordability will continue to be a top concern as we head toward year-end.

In Mesa County

There are currently 659 active homes on the market in Mesa County. This is a 1% increase compared to a week ago.

The average sold price YTD is $454,066 and the median sold price YTD is $400,000.

Mortgage Rates Today

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