June 30, 2022
The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession. This pause in rate activity should help the housing market rebalance from the breakneck growth of a seller’s market to a more normal pace of home price appreciation.
Do you have other real estate questions? Please contact me at your earliest convenience. I’d be glad to assist you or someone you know!
Sal Soriano, REALTOR
972.281.7500
AVERAGE COMMITMENT RATES SHOULD BE REPORTED ALONG WITH AVERAGE FEES AND POINTS TO REFLECT THE TOTAL UPFRONT COST OF OBTAINING THE MORTGAGE. VISIT THE FOLLOWING LINK FOR THE DEFINITIONS. BORROWERS MAY STILL PAY CLOSING COSTS WHICH ARE NOT INCLUDED IN THE SURVEY.
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