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


July Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The housing market remains sluggish as mortgage rates inch up for a second consecutive week. Consumer concerns about rising rates, inflation and a potential recession are manifesting in softening demand. As a result of these factors, we expect house price appreciation to moderate noticeably."

• 30-year fixed-rate mortgage (FRM) averaged 5.54 percent with an average 0.8 points for the week ending July 21, 2022, up from last month when it averaged 5.81 percent. A year ago, at this time, the 30-year FRM averaged 2.78 percent.

• 15-year FRM this week averaged 4.75 percent with an average 0.8 points, down from last month when it averaged 4.92 percent. A year ago, at this time, the 15-year FRM averaged 2.12 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.31 percent this week with an average 0.3 points, down from last month when it averaged 4.41 percent. A year ago, at this time, the 5-year ARM averaged 2.49 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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