06/23/2023
Recent Updates from a June 22nd article by Freddie Mac saying according to their recent survey results show the following Rates in the mortgage market are down! Their research shows 30-year fixed-rate mortgage averaged 6.67 percent as of June 22, 2023, down from just last week when it averaged 6.69 percent and a 15-year fixed-rate mortgage averaged 6.03 percent, down from last week when it averaged 6.10 percent. So, we may not be where we were a year ago but DOWN IS GOOD RIGHT?!?
“Mortgage rates slid down again this week but remain elevated compared to this time last year,” said Sam Khater, Freddie Mac’s Chief Economist. “Potential homebuyers have been watching rates closely and are waiting to come off the sidelines. However, inventory challenges persist as the number of existing homes for sale remains very low. Though, a recent rebound in single-family housing starts is an encouraging development that will hopefully extend through the summer.”
With this said LET'S GET YOU HOMEBUYER READY BECAUSE THE MARKET IS STILL HOTT, EVEN HOTTER IN SUMMER & RATES ARE LOWERING!!
Did you know we have an amazing in-house Mortgage Company with lots of Lender options and First-time homebuyer programs? We even Assist with Foreclosures!
