Welcome to TeamEmond

  • Home
  • Search
  • Our Listings
  • Buyers
  • Sellers
  • News
  • About TeamEmond
  • Contact
Menu
  • Home
  • Search
  • Our Listings
  • Buyers
  • Sellers
  • News
  • About TeamEmond
  • Contact

Mortgage Rates Surpass Seven Percent

October 27, 2022 by Jim Emond

October 27, 2022
The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market. As inflation endures, consumers are seeing higher costs at every turn, causing further declines in consumer confidence this month. In fact, many potential homebuyers are choosing to wait and see where the housing market will end up, pushing demand and home prices further downward.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Information Deemed Reliable But Not Guaranteed
Licensed In MN

Copyright © 2023 | TeamEmond