Your REALTOR:
Kelli Lanphere
September 2020
Real
"The future belongs to those who believe in the beauty of their dreams." Eleanor Roosevelt


July Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Rates continue to remain near historic lows, driving purchase demand over 20 percent above a year ago. Real estate is one of the bright spots in the economy, with strong demand and modest slowdown in home prices heading into the late summer. Home sales should remain strong the next few months into the early fall."

• 30-year fixed-rate mortgage (FRM) averaged 2.99 percent with an average 0.8 points for the week ending July 30, 2020, down from last month when it averaged 3.13 percent. A year ago, at this time, the 30-year FRM averaged 3.20 percent.

• 15-year FRM this week averaged 2.51 percent with an average 0.7 points, down from last month when it averaged 2.59 percent. A year ago, at this time, the 15-year FRM averaged 3.16 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.94 percent this week with an average 0.4 points, down from last month when it averaged 3.08 percent. A year ago, at this time, the 5-year ARM averaged 3.46 percent.



Kelli Lanphere, RE/MAX Circle of Legends RE/MAX Hall of Fame Certified Luxury Home Marketing Specialist CRS
E-mail: Kelli@TheLanphereTeam.com
Website: http://www.TheLanphereTeam.com
Direct: (303) 322-2210
RE/MAX of Cherry Creek Inc.
(303) 320-1556 x 4578
3773 Cherry Creek North Drive
Suite #801, East Tower
Denver, Colorado 80209


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