Lower mortgage rates were expected to put some momentum back into home sales, but September brought more of the same for metro Denver’s listless housing market.

The average rate on a 30-year mortgage loan has decreased from above 7% early in the year to 6.76% in early July to around 6.36% in late September, according to Bankrate. The move lower accelerated this summer after the Federal Reserve signaled it would lower rates, which it did for the first time this year on Sept. 17.

Buyers, however, remain cautious, “balancing inflation and employment concerns with the promise of potential further rate cuts,” noted Amanda Snitker, chairwoman of the Denver Metro Association of Realtors’ Market Trends Committee in comments accompanying the group’s monthly report .

Despite improving affordabi

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