11 Nov November 2022 Real Estate and Mortgage Report
Our monthly real estate market report includes information about housing prices, inventory, mortgage rates, home sales and market predictions. We summarize news headlines and share important market updates.
Here are some quotes from this month’s report:
- People do not follow the best leaders. They follow the ones they can understand the easiest.
- U.S. 30-year fixed mortgage rates have increased 3.83 percentage points since the end of last year. That’s the biggest year-to-date increase in rates in over 50 years.
- With inflation still running at a 40-year high and the Fed expecting a few more rate increases to combat it, mortgage rates will experience upward pressure through the end of 2022.
- While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us.
This report is intended to be accurate, but the information is not guaranteed. Please reach out to us directly if you have any specific real estate or mortgage questions or would like help from a local professional. This post was provided by Sparkling Marketing, Inc. with a Market Report from Keeping Current Matters.