Industry News
Here’s The Scoop
NAR President Participates in White House Meeting on Housing Supply and Affordability- Housing industry comes together to discuss viable solutions
WASHINGTON (September 21, 2022) – National Association of Realtors® President Leslie Rouda Smith participated in a White House meeting with a diverse group of housing industry leaders Wednesday to discuss viable solutions to the nation's housing supply and affordability crisis.
Will Construction Costs Go Down in 2022?
It’s no secret that the construction industry boomed during the pandemic. Unfortunately, the popularity came at a price for the construction sector and consumers. Inflation has put a damper on construction, leading to higher costs for construction companies. Consumers, contractors, and companies are wondering if these costs will decrease in 2022. We will provide some background and analysis to reveal how we got here and where prices can be heading in the future.
What are today's Montana mortgage rates?
Montana 30-year fixed mortgage rates remain stable at 6.18%
The current average 30-year fixed mortgage rate in Montana remained stable at 6.18%. Montana mortgage rates today are 25 basis points lower than the national average rate of 6.43%. The Montana mortgage interest rate on October 6, 2022 is down 26 basis points from last week's average Montana rate of 6.44%. Additionally, the current average 15-year fixed mortgage rate in Montana remained stable at 5.36% and the current average 5-year ARM mortgage rate is equal to 5.73%.
Last updated: Thursday, October 6, 2022
