4.25 Percent and Falling...
Not long ago, we wrote a piece wondering if 4.5 percent interest rates would become a reality for new home owners in the near future. It now seems like that number should’ve been a little bit lower.
UrbanTurf has learned that Prosperity Mortgage, the mortgage lender associated with Long & Foster, is now offering 4.25 percent interest rates for conforming loans up to $625,000.
In an email from Wes Foster, the head of Long & Foster:
“Prosperity Mortgage has available 4.25 percent money for 30-year fixed-rate for conforming loans up to $625,000 with 25 percent down (in the high cost markets) with a total of 3 points that can be paid by the seller, buyer or split between them.”
Will we see 3 percent rates anytime soon?
See other articles related to: dclofts
This article originally published at https://dc.urbanturf.com/articles/blog/4.25_percent_and_falling/459.
Most Popular... This Week • Last 30 Days • Ever
It has been a good start to the year for high-priced homes in the DC region.... read »
Roadside Development filed a sketch plan with Montgomery County this month for the 30... read »
The Matthew is located on 9th Street, overlooking the iconic Naylor Court and neighbo... read »
Dan Snyder donates house to charity; DC records priciest building sale since 2022; an... read »
This week's Best New Listings include an award-winning craftsman, a condo in a former... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro