Your REALTOR®:
Kathleen Quintarelli
December 2020
Real
Rising To The Challenge


September Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates set several record lows over the last few months and have remained low into September. While there is room for rates to decrease even more, higher home prices and low inventory could potentially stifle the high demand that we’ve been seeing."

• 30-year fixed-rate mortgage (FRM) averaged 2.90 percent with an average 0.8 points for the week ending September 24, 2020, down from last month when it averaged 2.91 percent. A year ago, at this time, the 30-year FRM averaged 3.64 percent.

• 15-year FRM this week averaged 2.40 percent with an average 0.7 points, down from last month when it averaged 2.46 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 2.90 percent this week with an average 0.2 points, down from last month when it averaged 2.91 percent. A year ago, at this time, the 5-year ARM averaged 3.38 percent.



Kathleen Quintarelli, Associate Broker, NVAR Lifetime Residential Top Producer
E-mail: kathquintarelli@erols.com
Website: http://www.kathleenhomes.com
Cell: 703.862.8808
Weichert, Realtors
703-862-8808
9299 Old Keene Mill Rd.
Burke, VA 22015


Equal Housing Opportunity

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