Mortgage Rates Jump Up 8/11/2022


“The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield’s jump to its highest level since 2011,” said Sam Khater, Freddie Mac’s Chief Economist. “Impacted by higher rates, house prices are softening, and home sales have decreased. However, the number of homes for sale remains well below normal levels.”

News Facts

  • The 30-year fixed-rate mortgage averaged 6.29 percent with an average 0.9 point as of September 22, 2022, up from last week when it averaged 6.02 percent. A year ago at this time, the 30-year FRM averaged 2.88 percent.
  • The 15-year fixed-rate mortgage averaged 5.44 percent with an average 1.0 point, up from last week when it averaged 5.21 percent. A year ago at this time, the 15-year FRM averaged 2.15 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.97 percent with an average 0.4 point, up from last week when it averaged 4.93 percent. A year ago at this time, the 5-year ARM averaged 2.43 percent.

Houses that are priced, presented & marketed correctly are selling fast.

Let my 30+ years of Real Estate experience in Las Vegas work for you. 702-378-705





Source link

Mike McNamara

Mike McNamara

A Las Vegas Realtor since 2008. Mike has a wide range of knowledge around all things Las Vegas.

Las Vegas NV Weather
September 26, 2022, 3:08 am
 

S
Clear
74°F
4 mph
real feel: 72°F
humidity: 15%
wind speed: 4 mph S
UV-Index: 0
sunrise: 6:32 am
sunset: 6:33 pm
Forecast September 26, 2022
day
 

Sunny
98°F
wind speed: 4 mph NNE
max. UV-Index: 6
night
 

Mostly clear
76°F
wind speed: 4 mph W
max. UV-Index: 6
 
Recent Posts
Willow Manor