September Real Estate Roundup
Freddie Mac's results of its Primary Mortgage Market Survey® shows that "With both the unemployment rate and mortgage rate below four percent and near historic lows, it
is no surprise that the housing market regained momentum with home sales and construction at or near decade highs. The fall housing market is poised to continue with steady gains in prices and solid sales activity."
- 30-year fixed-rate mortgage (FRM) averaged 3.64 percent with an average 0.6 points for the week ending September 26, 2019, up from last month when it averaged 3.55 percent. A year ago, at this time, the 30-year FRM averaged 4.72 percent.
- 15-year FRM this week averaged 3.16 percent with an average 0.5 points, up from last month when it also averaged 3.03 percent. A year ago, at this time, the 15-year FRM averaged 4.16 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.38 percent this week with an average 0.4 points, up from last month when it averaged 3.32 percent. A year ago, at this time, the 5-year ARM averaged 3.97 percent.