Your REALTOR®:
Kathleen Quintarelli
September 2021
Real
Rising To The Challenge


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.



Kathleen Quintarelli, Associate Broker, NVAR Lifetime Residential Top Producer
E-mail: kathquintarelli@erols.com
Website: http://www.kathleenhomes.com
Cell: 703.862.8808
Weichert, Realtors
703-862-8808
9299 Old Keene Mill Rd.
Burke, VA 22015


Equal Housing Opportunity

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