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


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.



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

unsubscribe