Your Full Service Real Estate Agent:
Charles Evans
June 2024
Real
Proudly Helping all My Buyers & Sellers


February Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation. Our research shows that rate dispersion increases as mortgage rates trend up. This means homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among lenders to find a better rate."

• 30-year fixed-rate mortgage (FRM) averaged 6.5 percent for the week ending February 23, 2023, up from last month when it averaged 6.13 percent. A year ago, at this time, the 30-year FRM averaged 3.89 percent.

• 15-year FRM this week averaged 5.76 percent, up from last month when it averaged 5.17 percent. A year ago, at this time, the 15-year FRM averaged 3.14 percent.



Charles Evans, Managing Broker
E-mail: [email protected]
Website: http://www.chuckevanssellshomes.com
Cell: 757-404-1931
A Better Way Realty
Cell: 757-404-1931
320 Greenbrier Circle, Suite 30
Chesapeake, VA 23320


Equal Housing Opportunity

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