Halley Team
Jim & Crystal Halley
September 2020
Real
"Put Our Family to Work for Your Family"


August Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "This year has been anything but normal and as the uncertainty lingers, mortgage rates remain near record lows. These rates continue to incentivize potential buyers and the home buying season, which shifted from spring to summer, will likely continue into the fall."

• 30-year fixed-rate mortgage (FRM) averaged 2.91 percent with an average 0.8 points for the week ending August 27, 2020, down from last month when it averaged 2.99 percent. A year ago, at this time, the 30-year FRM averaged 3.58 percent.

• 15-year FRM this week averaged 2.46 percent with an average 0.7 points, down from last month when it averaged 2.51 percent. A year ago, at this time, the 15-year FRM averaged 3.06 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.91 percent this week with an average 0.2 points, down from last month when it averaged 2.94 percent. A year ago, at this time, the 5-year ARM averaged 3.31 percent.




Jim & Crystal Halley Associate Broker CDPE CRS
E-mail: crystalhalley@remax.net
Website: www.halleyteam.com
Cell: 248-568-0038

RE/MAX Classic
248-348-3000 x209
26870 Beck Rd.
Novi, MI 48374


Equal Housing Opportunity

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