Your REALTOR:
Jilann Jurvelin Carlson
December 2022
Real


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.



Jilann Jurvelin Carlson,REALTOR
E-mail: jilann@windermere.com
Website: http://www.jurv.com
208-664-9221
Windermere/Coeur d'Alene Realty
800-659-9221
1000 Northwest Blvd. #200
Coeur d'Alene, ID 83814


Equal Housing Opportunity

unsubscribe