November Real Estate Roundup

Real Estate News Real Estate News

November Real Estate Roundup


Written By: Realty Times Staff
Tuesday, January 05, 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
Sunday, January 17, 2021

Ask the HOA Expert: Vendor Int...
Question: Our HOA has a resident that interferes with vendors. Our landscaper has thr...

2021’s Hottest Home Décor Tren...
Most of us were more than happy to say goodbye to 2020, but we could still be spending a fai...

Where Do I Go From Here?...
Where do you go from here?Interest rates are at all-time lows.Pivoting into a ...

What Exactly is a ‘Government ...
One may or may not be familiar with the term government backed but it might be a bit confusi...

Copyright ©2021 - Realty Times®
All Rights Reserved.

Welcome to Ultra Luxury Properties
It is our extreme joy to welcome everyone to the Ultra Luxury Properties blog page where...

Visit Our Mobile Site
Twitter Facebook google plus pinterest linkedin