Your REALTOR:
Gary Lok
September 2022
Real


August Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market. Home sales continue to decline, prices are moderating, and consumer confidence is low. But, amid waning demand, there are still potential homebuyers on the sidelines waiting to jump back into the market."

• 30-year fixed-rate mortgage (FRM) averaged 5.55 percent with an average 0.8 points for the week ending August 25, 2022, up from last month when it averaged 5.54 percent. A year ago, at this time, the 30-year FRM averaged 2.87 percent.

• 15-year FRM this week averaged 4.85 percent with an average 0.8 points, down from last month when it averaged 4.75 percent. A year ago, at this time, the 15-year FRM averaged 2.17 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.36 percent this week with an average 0.4 points, down from last month when it averaged 4.31 percent. A year ago, at this time, the 5-year ARM averaged 2.42 percent.




Gary Lok Sales Representative
E-mail: gary@garylok.com
Website: GaryLok.com
Tel: 416-391-3232

Right At Home Realty Inc. Brokerage
1396 Don Mills Rd Suite B-121
Toronto ON M3B 0A7 Canada


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