Law Offices of Fred Peet
Fred Peet
September 2020
Real
The Law Offices of Fred Peet Representing buyers and sellers throughout Vermont


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.



Fred Peet
E-mail: fpeet@peetlaw.com
Website: http://www.peetlaw.com
802-860-4767 (phone)
800-683-3903 (toll free)
802-860-2822 (fax)
Law Office of Fred Peet
(802) 860-4767
55 Patchen Road South
Burlington, VT 05403


Equal Housing Opportunity

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