July Compass Curated

  • Jessica Philpot
  • 07/24/20
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July 2020

Welcome to Compass Curated, a collection 
of our most prestigious properties across the country, delivered to your inbox each month.

Luxury News

Mortgage Rates Hit Historic Lows, Again

As reported by Freedie Mac, the average interest rate on a 30-year mortgage has fallen again to new historic lows around 2.98%, while rates for 15-year mortgages hover around 2.58%.

 

Declining Rates & Increased Demand

With interest rates falling, data from the Mortgage Bankers Association shows purchase applications are 16% higher than they were this time last year.

 

English Countryside Surges

In the United Kingdom, country homes priced over $6.5 million have seen a 1.2% price increase in the second quarter of 2020 with a whopping 137% increase in prospective buyers, according to Knight Frank.

Stay up to date with Compass' latest luxury listings and news at LuxuryatCompass.com

 

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