Your E-Pro REALTOR:
Judy Levin
September 2021
Real
Leelanau County Specialist


June Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates have risen above three percent for the first time in ten weeks. As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year. For those homeowners who have not yet refinanced – and there remain many borrowers who could benefit from doing so – now is the time."

• 30-year fixed-rate mortgage (FRM) averaged 3.02 percent with an average 0.7 points for the week ending June 24, 2021, up from last month when it averaged 2.97 percent. A year ago, at this time, the 30-year FRM averaged 3.13 percent.

• 15-year FRM this week averaged 2.34 percent with an average 0.7 points, up from last month when it averaged 2.27 percent. A year ago, at this time, the 15-year FRM averaged 2.59 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.53 percent this week with an average 0.3 points, down from last month when it averaged 2.59 percent. A year ago, at this time, the 5-year ARM averaged 3.08 percent.



Judy Levin, CRS e-PRO
E-mail: judy@judylevin.com
Website: http://www.judylevin.com
231- 218-7653
Coldwell Banker Schmidt
231-218-7653
71 W. 4th Street
Suttons Bay, MI 49682


Equal Housing Opportunity

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