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June 2022 Real Estate Finance News Recap

Real Estate Finance News - July

+ The rapid rise in mortgage rates has finally paused and 30-year fixed rates are hovering around 5.7%, for the week ending June 30th. 

+ Even with a cooling market, young buyers are increasingly turning to parents to help them purchase a home, whether with a downpayment, co-signing on a loan, or buying a property outright. 

+ The cost for materials to build an average size home increased 42% (or $35,000) from 2018 to 2021. The good news? Lumber prices are coming down.

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