Your REALTOR:
Kelli Lanphere
October 2020
Real
"The future belongs to those who believe in the beauty of their dreams." Eleanor Roosevelt


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.



Kelli Lanphere, RE/MAX Circle of Legends RE/MAX Hall of Fame Certified Luxury Home Marketing Specialist CRS
E-mail: Kelli@TheLanphereTeam.com
Website: http://www.TheLanphereTeam.com
Direct: (303) 322-2210
RE/MAX of Cherry Creek Inc.
(303) 320-1556 x 4578
3773 Cherry Creek North Drive
Suite #801, East Tower
Denver, Colorado 80209


Equal Housing Opportunity

unsubscribe