Your REALTOR:
Deborah Kniss
June 2020
Real
"Your Home is Your Most Important Investment...
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March Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The Federal Reserve’s swift and significant efforts to stabilize the market were much needed and helped mortgage rates drop for the first time in three weeks. Similar to other segments of the economy, real estate demand is softening. However, the combination of the Fed’s actions and pending economic stimulus will provide substantial support to the mortgage markets."

• 30-year fixed-rate mortgage (FRM) averaged 3.5 percent with an average 0.7 points for the week ending March 26, 2020, down from last month when it averaged 3.51 percent. A year ago, at this time, the 30-year FRM averaged 4.06 percent.

• 15-year FRM this week averaged 2.92 percent with an average 0.6 points, down from last month when it also averaged 3.00 percent. A year ago, at this time, the 15-year FRM averaged 3.57 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.34 percent this week with an average 0.3 points, up from last month when it averaged 3.24 percent. A year ago, at this time, the 5-year ARM averaged 3.75 percent.



Deborah Kniss,Broker CRS GRI SRES
E-mail: Deborah@DeborahKniss.com
Website: http://www.SouthernCalRealEstate.com
Text/Cell: 805-402-5860
Deborah Kniss Real Estate / RE/MAX
805-402-5860
199 E. Thousand Oaks Blvd. Suite G
Thousand Oaks CA 91360


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