Real Estate News

August Real Estate Roundup


Written By: Realty Times Staff
Tuesday, September 03, 2019

Freddie Macs results of its Primary Mortgage Market Surveyreg; shows that "The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months, while refinances surged to their highest share in three and a half years. Households that refinanced in the second quarter of 2019 will save an average of 1,700 a year, which is equivalent to about 140 each month. The benefit of lower mortgage rates is not only shoring up home sales, but also providing support to homeowner balance sheets via higher monthly cash flow and steadily rising home equity."

bull; 30-year fixed-rate mortgage FRM averaged 3.55 percent with an average 0.5 points for the week ending August 22, 2019, down from last month when it averaged 3.75 percent. A year ago, at this time, the 30-year FRM averaged 3.98 percent.

bull; 15-year FRM this week averaged 3.03 percent with an average 0.5 points, down from last month when it also averaged 3.18 percent. A year ago, at this time, the 15-year FRM averaged 4.02 percent.

bull; 5-year Treasury-indexed hybrid adjustable-rate mortgage ARM averaged 3.32 percent this week with an average 0.3 points, down from last month when it averaged 3.47 percent. A year ago, at this time, the 5-year ARM averaged 3.82 percent.



Copyright© 2020 Realty Times®. All Rights Reserved

 

Facebook linkedin twitter youtube googleplus instagram
Map SearchClick here for a free Market AnalysisBuyers: Search here for your Dream HomeSubscribe! Sign up to recieve our Newsletter!Real Estate Outlook
Updated: Sunday, February 23, 2020


Tips for Updating Your House in an Up-and-Coming Neighborhood

Exterior paint can also help your home stand out in the neighborhood, offering more foot traffic ...
> Full Story

7 Affordable Decorating Ideas for A Lovely Patio

Try Vertical Gardening

There is no such rule that you can only use the grounds surface fo...
> Full Story

Growing Wealth in the Vacation Rental Market: Advice for First-Time Investors

The Right Spot

First, think like a vacationer. You want a place in a beautiful and easily...
> Full Story



Copyright ©2020 - Realty Times®
All Rights Reserved.