Halley Team
Jim & Crystal Halley
December 2019
Real
"Put Our Family to Work for Your Family"


November Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The housing market continues to steadily gain momentum with rising homebuyer demand and increased construction due to the strong job market, ebullient market sentiment and low mortgage rates. Residential real estate accounts for one-sixth of the economy, and the improving real estate market will support economic growth heading into next year."

• 30-year fixed-rate mortgage (FRM) averaged 3.66 percent with an average 0.6 points for the week ending November 21, 2019, down from last month when it averaged 3.75 percent. A year ago, at this time, the 30-year FRM averaged 4.81 percent.

• 15-year FRM this week averaged 3.15 percent with an average 0.5 points, down from last month when it also averaged 3.18 percent. A year ago, at this time, the 15-year FRM averaged 4.24 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39 percent this week with an average 0.4 points, down from last month when it averaged 3.4 percent. A year ago, at this time, the 5-year ARM averaged 4.09 percent.



Jim & Crystal Halley,Associate Broker CDPE CRS
E-mail: crystalhalley@remax.net
Website: http://www.halleyteam.com
Cell: 248-568-0038
RE/MAX Classic - Novi, Michigan
248-348-3000 x209
26870 Beck Rd.
Novi, MI 48374


Equal Housing Opportunity

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