By Helen Adams Realty - May 13, 2022
Canopy Realtor® Association Market Updates
Reprinted from April 2022 CRRA Monthly Indicators.
The average 30-year fixed rate mortgage exceeded 5% in April, the highest level since 2011, according to Freddie Mac. The recent surge in mortgage rates has reduced the pool of eligible buyers and has caused mortgage applications to decline, with a significant impact on refinance applications, whi