"The future belongs to those who believe in the beauty of their dreams." Eleanor Roosevelt
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.
Kelli Lanphere, RE/MAX Circle of Legends RE/MAX Hall of Fame Certified Luxury Home Marketing Specialist CRS
E-mail: [email protected]
Website: https://www.TheDenverTeam.com
Direct: (303) 322-2210
RE/MAX of Cherry Creek Inc.
(303) 320-1556 x 4578
100 Jackson Street Denver, CO 80206
We value your privacy
We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Click here to view Policy