Your Chicago Real Estate Consultant:
Mike Frank
June 2019
Real
Making Your Move Matter


May Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "despite the recent rise in mortgage rates, both existing and new home sales continue to show strength – indicating the lagged effect of lower rates on housing demand. This, along with improved affordability, should push housing activity higher in the coming months."

• 30-year fixed-rate mortgage (FRM) averaged 4.06 percent with an average 0.5 points for the week ending May 24, 2019, down from last month when it averaged 4.20 percent. A year ago, at this time, the 30-year FRM averaged 4.66 percent.

• 15-year FRM this week averaged 3.51 percent with an average 0.4 points, down from last month when it also averaged 3.64 percent. A year ago, at this time, the 15-year FRM averaged 4.15 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.68 percent this week with an average 0.4 points, down from last month when it averaged 3.77 percent. A year ago, at this time, the 5-year ARM averaged 3.87 percent.



Mike Frank,REALTOR GRI
E-mail: mikefrankkw@gmail.com
Website: http://www.mikefrankrealtor.com
773-251-8963
Keller Williams Preferred Realty
773-251-8963
939 W. North Ave. Suite 750
Chicago IL 60642


Equal Housing Opportunity

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