Your Chicago Real Estate Consultant:
Mike Frank
March 2020
Real
Making Your Move Matter


February Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "This week's mortgage rates were the second lowest in three years, supporting homebuyer demand and leading to higher refinancing activity. Borrowers who take advantage of these low rates can improve their cash flow by lowering their monthly mortgage payments, giving them more money to spend or save."

• 30-year fixed-rate mortgage (FRM) averaged 3.51 percent with an average 0.7 points for the week ending January 30, 2020, down from last month when it averaged 3.74 percent. A year ago, at this time, the 30-year FRM averaged 4.35 percent.

• 15-year FRM this week averaged 3.00 percent with an average 0.7 points, down from last month when it also averaged 3.19 percent. A year ago, at this time, the 15-year FRM averaged 3.77 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.24 percent this week with an average 0.3 points, down from last month when it averaged 3.45 percent. A year ago, at this time, the 5-year ARM averaged 3.84 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


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