Your REALTOR:
Bob Reilley
August 2020
Real
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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.




Bob Reilley CREA Real Estate Broker
E-mail: rereilley@gmail.com
Website: http://homeasap.com/ez4urealestate
Cell: 630-533-0011

American Realty Network Inc.
630-533-0011
800 Lee St
Des Plaines Il.60016


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