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


April Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low rate environment. Freddie Mac research suggests that lower income and minority homeowners have been less likely to engage in the refinance market. Low and declining mortgage rates provide these homeowners the opportunity to reduce their monthly payment and improve their financial position."

• 30-year fixed-rate mortgage (FRM) averaged 2.97 percent with an average 0.7 points for the week ending April 22, 2021, down from last month when it averaged 3.17 percent. A year ago, at this time, the 30-year FRM averaged 3.33 percent.

• 15-year FRM this week averaged 2.29 percent with an average 0.6 points, down from last month when it averaged 2.45 percent. A year ago, at this time, the 15-year FRM averaged 2.86 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week with an average 0.3 points, down from last month when it averaged 2.84 percent. A year ago, at this time, the 5-year ARM averaged 3.28 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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