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Colorado Housing Market Faces Falling Buyer Demand as Mortgage Rates Hit Two-Year High

The average 30-year fixed mortgage is above 7%, forcing builders and lenders to offer incentives as refinancing and purchase demand remain weak.

Fewer Colorado homes are selling, and those that do are taking longer to move — a trend that could deepen as mortgage rates climb above 7%, adding to affordability concerns for would-be buyers. The average interest rate on a 30-year fixed mortgage rose to 7.09% on Friday, Sept. 18, climbing to its highest point in at least a year and a half, according to Bankrate.  “It is definitely a psychological number for buyers and sellers, and people looki…

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The Motley Fool broke the news in Alexandria, United States on Saturday, September 19, 2026.
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