Low Mortgage Rates Fuel Home Sales | Business

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In Kenosha County, the median price was $ 205,000 in January, up 13.9% or $ 25,000 more than the same month a year ago.

Statewide, the median price was $ 210,000, 10.5% or $ 20,000 more.

“Very low mortgage rates are fueling demand, and with such limited supply, it really pushes up house prices,” said Michael Theo, president and CEO of the WRA. “The 30-year fixed rate mortgage stood at just 2.74% in January, which is almost a full percent below the January 2020 rate of 3.62%.

“These are attractive prices, and like…

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