"The future belongs to those who believe in the beauty of their dreams." Eleanor Roosevelt
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.
Kelli Lanphere, RE/MAX Circle of Legends RE/MAX Hall of Fame Certified Luxury Home Marketing Specialist CRS
E-mail: [email protected]
Website: https://www.TheDenverTeam.com
Direct: (303) 322-2210
RE/MAX of Cherry Creek Inc.
(303) 320-1556 x 4578
100 Jackson Street Denver, CO 80206
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