July 7, 2022
Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to rise. While the drop provides minor relief to buyers, the housing market will continue to normalize if home price growth materially slows due to the combination of low housing affordability and an expected economic slowdown.
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.
OPINIONS, ESTIMATES, FORECASTS, AND OTHER VIEWS CONTAINED IN THIS DOCUMENT ARE THOSE OF FREDDIE MAC’S ECONOMISTS AND OTHER RESEARCHERS, DO NOT NECESSARILY REPRESENT THE VIEWS OF FREDDIE MAC OR ITS MANAGEMENT, AND SHOULD NOT BE CONSTRUED AS INDICATING FREDDIE MAC’S BUSINESS PROSPECTS OR EXPECTED RESULTS. ALTHOUGH THE AUTHORS ATTEMPT TO PROVIDE RELIABLE, USEFUL INFORMATION, THEY DO NOT GUARANTEE THAT THE INFORMATION OR OTHER CONTENT IN THIS DOCUMENT IS ACCURATE, CURRENT OR SUITABLE FOR ANY PARTICULAR PURPOSE. ALL CONTENT IS SUBJECT TO CHANGE WITHOUT NOTICE. ALL CONTENT IS PROVIDED ON AN “AS IS” BASIS, WITH NO WARRANTIES OF ANY KIND WHATSOEVER. INFORMATION FROM THIS DOCUMENT MAY BE USED WITH PROPER ATTRIBUTION. ALTERATION OF THIS DOCUMENT OR ITS CONTENT IS STRICTLY
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