Your REALTOR:
Bob Hummer
January 2022
Real
AN EDUCATED HOME BUYER OR SELLER....BECOMES A SATISFIED HOME BUYER OR HOME SELLER.


December Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease. As the year comes to a close, the housing market is proceeding steadily. However, rates are expected to increase in 2022 which will impact homebuyer demand as well as refinance activity."

• 30-year fixed-rate mortgage (FRM) averaged 3.05 percent with an average 0.7 points for the week ending November 24th, 2021, down from last month when it averaged 3.1 percent. A year ago, at this time, the 30-year FRM averaged 2.66 percent.

• 15-year FRM this week averaged 2.3 percent with an average 0.7 points, up from last month when it averaged 2.42 percent. A year ago, at this time, the 15-year FRM averaged 2.19 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.37 percent this week with an average 0.4 points, down from last month when it averaged 2.47 percent. A year ago, at this time, the 5-year ARM averaged 2.79 percent.



Bob Hummer, REALTOR ABR CDRS CDPE CRS MBA SFR SRES
E-mail: bob@military-realestate.com
Website: http://www.military-realestate.com
703-878-HUMM; 888-453-1836
COLDWELL BANKER REALTY
703-878-4866
12731 Marblestone Dr., #103
Woodbridge, VA 22192


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