Time to Buy? Mortgage Rates Tie Record Low
Just before Thanksgiving, Freddie Mac reported that 30-year fixed-rate mortgages have once again dropped to 4.78 percent, tying a record low set back in April. The 4.78 percent figure is the lowest that rates have been since 1970 when the mortgage and loan corporation started keeping track.
From Freddie Mac chief economist Frank Nothaft:
“Interest rates for 30-year fixed-rate loans are currently 0.8 percentage points below this year’s peak set in mid-June, which shaves roughly $100 off the monthly payments on a $200,000 mortgage.”
To put the low rates in perspective, 30-year rates were at 5.97 percent about a year ago, and back in 2007, they were approaching 7 percent.
To see related articles on this topic, click here and here.
See other articles related to: mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/time_to_buy_mortgage_rates_tie_record_low/1554.
Most Popular... This Week • Last 30 Days • Ever
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
Plans for another residential project in downtown Bethesda are moving forward.... read »
On Wednesday, Airbnb launched the Icons Collection, approximately a dozen "one-of-a-k... read »
The application could be a sign that plans to redevelop a pair of former church prope... read »
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
- RFK Stadium Cleared For Demolition
- Site Plan Filed For 68-Unit Condo and Townhouse Project in Downtown Bethesda
- Airbnb Unveils Icons, One-Of-A-Kind Listings For Free
- Raze Application Could Pave Way For 45-Unit Condo Development At Former Church Site in Shaw
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