The Valley's
Leading Agent
Russell Shaw
March 2024
My team and I help more people move than any other agent or team in Arizona. I'm not bragging, I'm applying for a job. I want to be YOUR Realtor!

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.

Russell Shaw, Realtor®
E-mail: [email protected]
Toll-Free 866-357-3604
Realty ONE Group
11211 N. Tatum Blvd., Ste. 100
Phoenix, AZ 85028

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