Kelli Lanphere
April 2021
"The future belongs to those who believe in the beauty of their dreams." Eleanor Roosevelt

March Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "During the course of the pandemic, 'home' has become more important than ever. As a result, strong purchase demand continues—but buyers also outnumber the sellers. Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power. Unfortunately, this has disproportionately affected the low end of the market, where supply is the slimmest."

• 30-year fixed-rate mortgage (FRM) averaged 3.17 percent with an average 0.7 points for the week ending March 25, 2021, up from last month when it averaged 2.97 percent. A year ago, at this time, the 30-year FRM averaged 3.5 percent.

• 15-year FRM this week averaged 2.45 percent with an average 0.6 points, up from last month when it averaged 2.34 percent. A year ago, at this time, the 15-year FRM averaged 2.92 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.84 percent this week with an average 0.2 points, down from last month when it averaged 2.99 percent. A year ago, at this time, the 5-year ARM averaged 3.34 percent.

Kelli Lanphere, RE/MAX Circle of Legends RE/MAX Hall of Fame Certified Luxury Home Marketing Specialist CRS
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

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