Your REALTOR:
Bob Churchill
November 2022
Real
I Represent Cape Cod Real Estate Buyers Only
Experience * Advocacy * Diligence


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 Churchill,Broker/Owner GRI ABR ABRM
E-mail: bob@bobchurchill.com
Website: http://www.bobchurchill.com
(508) 362-6855
(800) 292-2540
Buyer Brokers of Cape Cod, Churchill Associates, Inc.
(800) 292-2540 my cell: 508-776-8686
923 Route 6A; P.O. Box 4
Yarmouth Port, Massachusetts 02675


Equal Housing Opportunity

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