Ken Bradley
December 2023
Let Ken's Knowledge and Experience be your Guide
"A Smarter Way to Buy or Sell Real Estate"

October Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "For the seventh week in a row, mortgage rates continued to climb toward eight percent, resulting in the longest consecutive rise since the Spring of 2022. Rates have risen two full percentage points in 2023 alone and, as we head into Halloween, the impacts may scare potential homebuyers. Purchase activity has slowed to a virtual standstill, affordability remains a significant hurdle for many and the only way to address it is lower rates and greater inventory."

• 30-year fixed-rate mortgage (FRM) averaged 7.79 percent for the week ending September 21, 2023, up from last month when it averaged 7.23 percent. A year ago, at this time, the 30-year FRM averaged 7.08 percent.

• 15-year FRM this week averaged 7.03 percent, up from last month when it averaged 6.55 percent. A year ago, at this time, the 15-year FRM averaged 6.36 percent.

Ken Bradley,REALTOR, e-Pro, Luxury Home Specialist
E-mail: Ken@KenBradleyRealtor.com
Website: http://KenBradleyRealtor.com
Cell: 772-538-9981
Florida HomeTown Realty Inc.
Call Ken Direct 772-538-9981
Vero Beach Island Vero Beach Mainland North Hutchinson Island Sebastian.

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