September 18, 2022

WHAT IS HAPPENING WITH INTEREST RATES?

MARKET UPDATE Mortgage rates jumped again this past week, surpassing the 6% mark and reaching the highest level since the fall of 2008. This could accelerate the market correction, which is already well underway, by making purchasing a home even more expensive for cash-strapped buyers, pricing many completely out of the market. The 30-year fixed-rate mortgage averaged 6.02% in the week ending September...

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Mary Cockburn - 5 Star Real Estate Agent serving Edgewood, Albuquerque, & East Mountain