LBHOMES

Real Estate News

November Real Estate Roundup

November Real Estate Roundup


Written By: Realty Times Staff
Tuesday, January 5, 2021

Freddie Macs results of its Primary Mortgage Market Survey shows that "Mortgage rates remain at record lows and while that has fueled a refinance boom, its been driven mainly by higher income borrowers. With about 20 million borrowers eligible to refinance, lower-and middle-income borrowers are leaving money on the table by not taking advantage of low rates. On the homebuying side, demand continues to surge, and it has created a sellers market where inventory is at a record low and home prices are rising, beginning to offset the benefits of the low rates."

30-year fixed-rate mortgage FRM averaged 2.72 percent with an average 0.7 points for the week ending November 25, 2020, down from last month when it averaged 2.81 percent. A year ago, at this time, the 30-year FRM averaged 3.68 percent.

15-year FRM this week averaged 2.28 percent with an average 0.6 points, down from last month when it averaged 2.32 percent. A year ago, at this time, the 15-year FRM averaged 3.15 percent.

5-year Treasury-indexed hybrid adjustable-rate mortgage ARM averaged 3.16 percent this week with an average 0.3 points, up from last month when it averaged 2.88 percent. A year ago, at this time, the 5-year ARM averaged 3.43 percent.



Copyright© 2022 Realty Times®. All Rights Reserved

 

Search in English Search in Spanish Search in French Search in Italian Search in Portuguese Search in German Search in Russian
Real Estate News
Monday, January 17, 2022

Seven Steps to Take to Prepare...
The holidays are a wrap, and with the coming of the new year, many people are starting to ma...

The Biggest Challenges House F...
There tends to be a glamorization of house flipping, likely brought about by watching home i...

Copyright ©2022 - Realty Times®
All Rights Reserved.

Welcome to LB Homes Blog
Welcome to LB Homes Blog, the blog of Michael Egbert. I am pleased to offer this blog as...