Your REALTOR®:
Ken Libby
December 2020
Real


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.



Ken Libby,RSPS/ePro/RECS/TRC/Broker
E-mail: Ken@KenLibby.com
Website: http://www.stowearearealty.com
802-793-2002
Stowe Area Realty Group
at KW Vermont-Stowe

802-760-3100 * Fax 802-760-3105
1056 Mountain Road. Suite 1
Stowe, VT 05672


Equal Housing Opportunity

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