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October 2022 Market & Interest Rate Update – Tom’s Take 297

We just saw the biggest single day interest rate drop in history. And we’ve got your October market update.
So, what’s going on in the market?
Last week so last week, interest rates were just above 7% on a 30 year fixed loan, and they’ve come down to six and a half percent.
How long will interest rates stay here? It’s been pretty unpredictable. And it’s a result of inflation cooling based on the October market data.
The market is constantly moving. 🏁
Tune into episode 297 of Tom’s Take for a breakdown of all the stats of what happened in Philadelphia, Montgomery County, Chester County and Delaware County during the month of October and what this means for people looking to buy or sell through the end of the year and into 2023.

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