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DONNA PETTY
December 2022
Real
"Selling Tuscaloosa One Yard at a Time!"


October Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market. As inflation endures, consumers are seeing higher costs at every turn, causing further declines in consumer confidence this month. In fact, many potential homebuyers are choosing to wait and see where the housing market will end up, pushing demand and home prices further downward."

• 30-year fixed-rate mortgage (FRM) averaged 7.08 percent with an average 0.8 points for the week ending October 27, 2022, up from last month when it averaged 6.7 percent. A year ago, at this time, the 30-year FRM averaged 3.14 percent.

• 15-year FRM this week averaged 6.36 percent with an average 1.4 points, up from last month when it averaged 5.96 percent. A year ago, at this time, the 15-year FRM averaged 2.37 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 5.96 percent this week with an average 0.3 points, up from last month when it averaged 5.3 percent. A year ago, at this time, the 5-year ARM averaged 2.56 percent.




Donna Petty CRS CRP ABR SRES SRS ePRO Assocate Broker
E-mail: info@DonnaPetty.com
Website: www.DonnaPetty.com
Cell: 205-799-7200

Hamner Real Estate LLC
1412 University Blvd.
Tuscaloosa Al 35401


Equal Housing Opportunity

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