Halley Team
Jim & Crystal Halley
March 2021
Real
"Put Our Family to Work for Your Family"


January Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "

As the market reacts to a new administration in Washington and COVID-19 driven economic malaise, mortgage rates continued to decrease this week, just slightly. Even as house prices increase at the fastest rate we've seen in years, competition to buy is strong given the low inventory that exists across the country. The fact that there are not enough homes to meet demand is going to be an ongoing issue for the foreseeable future."

• 30-year fixed-rate mortgage (FRM) averaged 2.73 percent with an average 0.7 points for the week ending January 28, 2021, down from last month when it averaged 2.66 percent. A year ago, at this time, the 30-year FRM averaged 3.51 percent.

• 15-year FRM this week averaged 2.20 percent with an average 0.6 points, down from last month when it averaged 2.19 percent. A year ago, at this time, the 15-year FRM averaged 3.00 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.8 percent this week with an average 0.3 points, up from last month when it averaged 2.79 percent. A year ago, at this time, the 5-year ARM averaged 3.24 percent.




Jim & Crystal Halley Associate Broker CDPE CRS
E-mail: crystalhalley@remax.net
Website: www.halleyteam.com
Cell: 248-568-0038

RE/MAX Classic
248-348-3000 x209
26870 Beck Rd.
Novi, MI 48374


Equal Housing Opportunity

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