From Freddie Mac (6/9/2022):

“After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data. The housing market is incredibly rate-sensitive, so as mortgage rates increase suddenly, demand again is pulling back. The material decline in purchase activity, combined with the rising supply of homes for sale, will cause a deceleration in price growth to more normal levels, providing some relief for buyers still interested in purchasing a home.”

Download the full report here:

Freddie Mac Weekly Mortgage Rate Survey for June 9, 2022

ARIZONA HOMEOWNERS:
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What can you do with your Home Equity?

Pay off Student Loans
Consolidate Debt
Home Improvements
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Free Up Money To Invest
Buy Another Home

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Source: Freddie Mac, 6/9/22
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