02/01/2023
📊Fourth Quarter 2022 Key Trends & Takeaways:
📈Mortgage rates have started to stabilize and trend downward. In the third week of January 2023, the average rate on a 30-year fixed mortgage was 6.15%, which is down from around 7% a few months ago. 📉
Please reach out if you have any questions. Have a great day!
Felicia Hall, REALTOR®
Abbitt Realty Co.🏘
Source: The Virginia REALTORS® association & Chesapeake Bay & Rivers Association of REALTORS®