Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing:
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Category: <span>The Housing Market</span>
As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022.
What are today’s refinance rates?
On Thursday, October 14, 2021, the national average 30-year fixed refinance APR is 3.300%. The average 15-year fixed refinance APR is 2.600%, according to Bankrate’s latest survey of the nation’s largest refinance lenders.
If you’ve been watching the real estate market over the past year then you know it’s a crazy time and it can feel completely overwhelming! Homes are being sold at record speeds, market prices are reaching all-time highs, and the demand for homes, especially along the Front Range, has created a supply shortage. So what does this mean for you?
What are today’s refinance rates?
On Monday, December 28, 2020, according to Bankrate’s latest survey of the nation’s largest refinance lenders, the benchmark 30-year fixed refinance rate is 2.950% with an APR of 3.170%. The average 15-year fixed refinance rate is 2.410% with an APR of 2.640%. The 5/1 adjustable-rate refinance (ARM) rate is 3.090% with an APR of 4.040%.