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Single-FamilyAugust 21, 2023


MAKING GOOD ON OUR DUTY TO SERVE

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OutlookAugust 17, 2023


ECONOMIC, HOUSING AND MORTGAGE MARKET OUTLOOK – AUGUST 2023

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MORTGAGE RATES


MORTGAGE RATES CONTINUE TO SURGE

AUGUST 24, 2023

This week, the 30-year fixed-rate mortgage reached its highest level since 2001
and indications of ongoing economic strength will likely continue to keep upward
pressure on rates in the short-term. As rates remain high and supply of unsold
homes woefully low, incoming data shows that existing homes sales continue to
fall. However, there are slightly more new homes available, and sales of these
new homes continue to rise, helping provide modest relief to the unyielding
housing inventory predicament.

 * Current Mortgage Rates Data Since 1971xlsx





--------------------------------------------------------------------------------

Opinions, estimates, forecasts, and other views contained in this document are
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MORTGAGE RATES

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