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


May Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates decreased for the second week in a row due to multiple headwinds that the economy is facing. Despite the recent moderation in rates, the housing market has clearly slowed, and the deceleration is spreading to other segments of the economy, such as consumer spending on durable goods."

• 30-year fixed-rate mortgage (FRM) averaged 5.1 percent with an average 0.9 points for the week ending May 26, 2022, the same as last month when it averaged 5.1 percent. A year ago, at this time, the 30-year FRM averaged 2.95 percent.

• 15-year FRM this week averaged 4.31 percent with an average 0.8 points, down from last month when it averaged 4.4 percent. A year ago, at this time, the 15-year FRM averaged 2.27 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.2 percent this week with an average 0.3 points, up from last month when it averaged 3.78 percent. A year ago, at this time, the 5-year ARM averaged 2.59 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


Equal Housing Opportunity

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