Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates moving lower for the third consecutive week.
30-year fixed-rate mortgage (FRM) averaged 4.09 percent with an average 0.5 point for the week ending Jan. 19, 2017, down from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 3.81 percent.
15-year FRM this week averaged 3.34 percent with an average 0.5 point, down from last week when it averaged 3.37 percent. A year ago at this time, the 15-year FRM averaged 3.10 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.21 percent this week with an average 0.4 point, down from last week when it averaged 3.23 percent. A year ago, the 5-year ARM averaged 2.91 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.
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Want to know what’s happening with Randolph home sales and rentals?
Here are Randolph’s multifamily sales and rental market statistics over the last 6 months.
Total Multi-Family Listings SOLD: 6
Average Living Area by Square Feet: 3,174.00
Average Listing Price: $471,735
Average DOM (Days on Market): 14.87 Days
Average Sales Price: $495,680
Average Rent for 1 Bedroom Units: $1,300
Average Rent for 2 Bedroom Units: $1,658
Average Rent for 3 Bedroom Units: $2,121
Average Rent for 4 Bedroom Units: $2,350
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Please call us directly at 617-297-8641, for custom reports or questions above the data provided.Read more