Law Offices of Fred Peet
Fred Peet
August 2019
Real
The Law Offices of Fred Peet Representing buyers and sellers throughout Vermont


July Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates continued to hover near three-year lows and purchase application demand has responded, rising steadily over the last two months to the highest year-over-year change since the fall of 2017. While the improvement has yet to impact home sales, there’s a clear firming of purchase demand that should translate into higher home sales in the second half of this year."

• 30-year fixed-rate mortgage (FRM) averaged 3.75 percent with an average 0.5 points for the week ending July 25, 2019, up from last month when it averaged 3.73 percent. A year ago, at this time, the 30-year FRM averaged 4.54 percent.

• 15-year FRM this week averaged 3.18 percent with an average 0.5 points, up from last month when it also averaged 3.16 percent. A year ago, at this time, the 15-year FRM averaged 4.02 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.47 percent this week with an average 0.4 points, up from last month when it averaged 3.39 percent. A year ago, at this time, the 5-year ARM averaged 3.87 percent.



Fred Peet
E-mail: fpeet@peetlaw.com
Website: http://www.peetlaw.com
802-860-4767 (phone)
800-683-3903 (toll free)
802-860-2822 (fax)
Law Office of Fred Peet
(802) 860-4767
55 Patchen Road South
Burlington, VT 05403


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