Mortgage Rates Just Dropped — What It Means for Denver Home Buyers & Sellers
Mortgage Rates Just Dropped Sharply — What This Means for Denver Home Buyers & Sellers If you’ve been waiting for a sign that the housing market might be shifting, this could be it . On Friday, mortgage rates fell sharply following a major announcement from President Donald Trump. In a Truth Social post, Trump said he is instructing mortgage giants Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities — a move designed to push borrowing costs lower. And the market reacted immediately. According to Mortgage News Daily , the average 30-year fixed mortgage rate dropped 22 basis points to 5.99% , matching the lowest level we’ve seen since February 2, 2023 . Let’s break down what this means — especially if you’re thinking about buying or selling a home in the Denver metro area . Why Mortgage Rates Dropped So Fast Here’s the short version: When Fannie Mae and Freddie Mac buy large amounts ...