Your REALTORS:
Shirley Mueller
August 2022
Real


Robert Kincaid

June Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year. The combination of rising rates and high home prices is the likely driver of recent declines in existing home sales. However, in reality many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity."

• 30-year fixed-rate mortgage (FRM) averaged 5.81 percent with an average 0.8 points for the week ending May 26, 2022, up from last month when it averaged 5.1 percent. A year ago, at this time, the 30-year FRM averaged 3.02 percent.

• 15-year FRM this week averaged 4.92 percent with an average 0.9 points, up from last month when it averaged 4.31 percent. A year ago, at this time, the 15-year FRM averaged 2.34 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.41 percent this week with an average 0.3 points, up from last month when it averaged 4.2 percent. A year ago, at this time, the 5-year ARM averaged 2.53 percent.




Shirley Mueller & Robert Kincaid
E-mail: kincaid@realtor.com
Website: KincaidRealtors.com
Shirley: 317-431-9544
Robert: 317-431-6176

Kincaid Realtors, LLC
317-848-1118
8425 Woodfield Crossing Blvd., Suite 100
Indianapolis, IN 46240


Equal Housing Opportunity

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