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Aug 11, 2023

Mortgage Rates Rocket Back Above 5%, But Market ‘Stabilizing’

By
Angela Chen

Home buyers are having difficulty gauging opportunities to save on a property purchase as mortgage rates become more volatile. The average for the 30-year fixed-rate mortgage swung above 5% again this week, clocking in at 5.22%, Freddie Mac reports. Last week, the average for the 30-year fixed-rate mortgage was 4.99%. However, rates may not go much higher: Lawrence Yun, chief economist for the National Association of REALTORS®, says falling inflation in July may suggest mortgage rates are topping out.


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Angela Chen

GRI®, SRS®, SRES®, ABR®, SFR®, PSA®

909-895-9288

 

Licensed RE Associate Broker, Graduate, REALTOR® Institute (GRI®), Seller Representative Specialist (SRS®), Seniors Real Estate Specialist (SRES®), Accredited Buyer’s Representative (ABR®), Short Sales and Foreclosure Resource (SFR®) and Pricing Strategy Advisor (PSA®) from NAR

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Angela Chen

GRI®, SRS®, SRES®, ABR®, SFR®, PSA®

909-895-9288

Winzone Realty, Inc.

81-51 Queens Blvd., #2A

Elmhurst, NY 11373

(O) 718-

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Winzone Realty, Inc.

81-15 Queens Blvd, #2A

Elmhurst, NY 11373

(O) 718-899-7000

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© 2023 by Banana Ark, LLC - All rights reserved

81-15 Queens Blvd. #2A

Queens, NY 11373

haushunternyc@gmail.com

909-895-9288

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