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Dennis Toomey
March 2024
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November Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates continued to decrease heading into the Thanksgiving holiday. In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory. This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low."

• 30-year fixed-rate mortgage (FRM) averaged 7.29 percent for the week ending November 22, 2023, up from last month when it averaged 7.79 percent. A year ago, at this time, the 30-year FRM averaged 6.58 percent.

• 15-year FRM this week averaged 6.67 percent, up from last month when it averaged 7.03 percent. A year ago, at this time, the 15-year FRM averaged 5.9 percent.




Dennis Toomey
E-mail: [email protected]
Website: www.HouseByZip.com/s=news
847-338-0180

RE/MAX Action
847-338-0180
Serving Chicagoland


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