Real Estate News Real Estate News

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© 2021 Realty Times®. All Rights Reserved

 

  • Search in English
  • Search in Spanish
  • Search in Portuguese
  • Search in Russian
  • Search in French
  • Search in Italian
  • Search in German
  • Search in Mandarin
Reviews on Zillow
3329954
"Abraham was our trusted advisor through the whole home buying process. Very knowledgeable and friendly. He was patient with us to find the right fit. ... more "
Five Stars5.0/5.0
by GraysonZacker
1737269
"A hard working, informed and highly professional agent. He has been working arduously with me for a year now. Given the challenges of the local ... more "
Five Stars5.0/5.0
by user15634086
1722790
"Abraham Ash is the consummate professional - knowledgeable, responsive and detail-oriented. He helped my husband and I find the perfect high-end ... more "
Five Stars5.0/5.0
by combatpat
Powered by Zillow
Saturday, January 23, 2021

The Ultimate Seniors’ Guide to...
We tend to picture retirement one way: seniors leisu>However, many seniors who might be i...

What Are the Best Ways to Use ...
Your home equity can be a valuable resource to you, depending on your financial situation. Y...

Copyright ©2021 - Realty Times®
All Rights Reserved.

Welcome to the AbesCondos.com blog!
Welcome to the AbesCondos.com blog, the best place on the web to get exclusive information...

American Institute of Real Estate Professionals