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Denver housing market takes hit of higher mortgage rates in August without cracking

Prices hold steady and sales drop slightly despite rates reaching a 22-year high

For sale real estate signs in the South Park Hill neighborhood on July 1, 2023, in Denver, Colorado. (Photo By Kathryn Scott/Special to The Denver Post)
For sale real estate signs in the South Park Hill neighborhood on July 1, 2023, in Denver, Colorado. (Photo By Kathryn Scott/Special to The Denver Post)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Mortgage rates hit a 22-year high last month, surging to 7.5% on a 30-year loan before falling back to around 7% on news of slower-than-expected job gains this month.
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