It was already tough, but a jump in mortgage rates and higher home prices are making it even harder to buy a home in metro Denver.

Greeley Tribune

Lean Right

High Factuality

It was already tough, but a jump in mortgage rates and higher home prices are making it even harder to buy a home in metro Denver.

Builders are finally making a dent in the state’s housing shortfall, especially for apartments. But home prices and mortgage rates continue to outpace income gains, and affordability is worsening rather than improving. “The story with interest rates is that they are only exacerbating the problem,” said Steven Byers, chief economist with the Common Sense Institute in Denver. “The fact is that wages aren’t keeping up with these huge jumps in home …