RESEARCH BRIEF

Housing Market

Home Listings Notch 20-Month High, yet Remain Just Half of the Long-Term Average

Rates resume climb, further cooling the market. After briefly dipping below 5 percent in early August, the average 30-year fixed-rate mortgage is surging again. Following the Federal Reserve’s fourth interest rate hike this year at the July meeting, the average 30-year mortgage rate reached the mid-5 percent band in the last full week of August...

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Published on 2022-09-09 10:30:42