top of page
  • Writer's pictureHartford Funding

A Look Back at the 2022 Housing Market to help Homeowners and Investors in 2023

Updated: Apr 19, 2023


It’s been quite an interesting year for buyers and sellers. In the first week of January, a 30-year fixed-rate mortgage was 3.22% and a 15-year fixed rate-mortgage was 2.43% (Freddie Mac). Rates began to increase and peaked towards the end of October into the second week of November with a 30Y FRM at 7.08% and a 15Y FRM at 6.38%.


Buyers regained some of their leverage, traveling into mid-November through December, as mortgage rates started their decline. A seller’s market and aggressive bidding wars gave way to a cooler housing market. Many homes remained on the market a little longer and prices stabilized or slightly declined.


Mortgage rates are predicted to fluctuate somewhere between 6% - 7% throughout the new year, perhaps even into the mid 5% vicinity. While these are only predictions, there is one factor that remains a given - working with Hartford Funding - a direct lender, where we make becoming a homeowner or refinancing a simple home loan experience. No middleman. No extra fees. No hidden costs. No confusion. Let us help you throughout the entire process, from pre-approval to closing. Take advantage of our various loan programs, competitive interest rates, and of course our knowledgeable and compassionate team of professionals.


If you are considering buying a home, refinancing or purchasing an investment property, but unsure if the time is right, call 516-595-7600 and speak to one of our Experts about your immediate concerns and goals for the future.

43 views1 comment

1件のコメント


jblanke.mail
2022年12月30日

Love this blog, thank you for the information! Here's hoping 2023 will be a great year and thank you for helping my family and I get our mortgage!

いいね!
bottom of page