Your REALTOR:
Vickie Gallimore
December 2022
Real


September Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The uncertainty and volatility in financial markets is heavily impacting mortgage rates. Our survey indicates that the range of weekly rate quotes for the 30-year fixed-rate mortgage has more than doubled over the last year. This means that for the typical mortgage amount, a borrower who locked-in at the higher end of the range would pay several hundred dollars more than a borrower who locked-in at the lower end of the range. The large dispersion in rates means it has become even more important for homebuyers to shop around with different lenders."

• 30-year fixed-rate mortgage (FRM) averaged 6.7 percent with an average 0.9 points for the week ending September 29, 2022, up from last month when it averaged 5.55 percent. A year ago, at this time, the 30-year FRM averaged 3.01 percent.

• 15-year FRM this week averaged 5.96 percent with an average 1.3 points, up from last month when it averaged 4.85 percent. A year ago, at this time, the 15-year FRM averaged 2.28 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 5.3 percent this week with an average 0.4 points, up from last month when it averaged 4.36 percent. A year ago, at this time, the 5-year ARM averaged 2.48 percent.



Vickie Gallimore, REALTOR
E-mail: vickie@vickiegallimore.com
Website: http://www.vickiegallimore.com
336-953-9500
RE/MAX Central Realty
336-626-5600
231 S. Fayetteville Street
Asheboro, NC 27203


Equal Housing Opportunity

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