December 2, 2022 Rate Monitor

Posted by Gary Zimmel (Admin) on Friday, December 2nd, 2022 at 9:25am.

Oh December… How I love thee!Such an exciting energy in the air, and surprisingly my phone has been ringing with pre-approvals, so this is a good sign for 2023. I believe the slow down due to rates are not as effective, as people get used to change and still need a place to live. Also rent is increasing so why not buy!! With qualifying rates over 7%, the max purchase prices have lowered, so remember the purchase plus improvement program is a good way for clients to get the home they can afford but still get the kitchen of their dreams!! No real news this week, hope you have an amazing weekend! Best Regards,

Danielle Franke Mortgage Broker Owner

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