3.36: Another Week, Another Record Low
✉️ Want to forward this article? Click here.

For the second week in a row, mortgage rates dropped considerably to reach a new all-time record low.
This morning, Freddie Mac reported 3.36 percent with an average 0.6 point as the average on a 30-year fixed-rate mortgage.
From Freddie Mac vice president and chief economist Frank Nothaft:
Fixed mortgage rates fell again this week to all-time record lows due to the mortgage securities purchases by the Federal Reserve and indicators of a weakening economy. The final estimate of growth in Gross Domestic Product was revised down to 1.3 percent in the second quarter, representing the slowest growth in a year. In addition, personal incomes rose only 0.1 percent in August, while July’s increase was revised downward. And finally, pending home sales in August fell 2.6 percent, well below the market consensus forecast of a slight increase.
Will rates drop below 3 percent? Earlier this week, we tapped a few experts to give us some insight into the possibility of that happening. Check it out here.
The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.
Here’s a look at the path of rates since January 2010:

See other articles related to: mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/3.36_another_week_another_record_low/6116.
Most Popular... This Week • Last 30 Days • Ever

Here's what you need to know about reporting profit made from the sale of your home.... read »

It has been a busy few days for new residential projects in Arlington.... read »

The conversion of the Georgetown West Heating Plant into luxury residences may be the... read »

The proposal to convert the office building in Georgetown into residences is looking ... read »

The FBI is on the move; goodby Georgia Brown's and MJ's house is on Airbnb.... read »
- First-Timer Primer: Taxes and Profit from Selling a Home
- A 47 Townhouse Community Has Been Pitched Off Arlington's Langston Boulevard
- Georgetown Four Seasons Residences Selling For Above $3,000 A Square Foot, Per Report
- 135-Unit Office-To-Residential Conversion Planned At Flour Mill To Go Before OGB
- Wednesday's Must Reads
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