What's Hot: The White House Unveils Ambitious Housing Production Plan | The Massive Development at DC's Armed Forces Home Looks to Get Key Approval
3.40: Mortgage Rates Stay Low

Mortgage rates continue to stay low.
This morning, Freddie Mac reported 3.40 percent with an average 0.7 point as the average on a 30-year fixed-rate mortgage, slightly higher than last week’s 3.39 percent. Rates have stayed near the record low of 3.36 percent for six weeks now. A year ago, rates were just below (3.99) 4 percent.
From Freddie Mac vice president and chief economist Frank Nothaft:
Mortgage rates remained near record lows following the employment report for October. The economy added 171,000 jobs, above the market consensus forecast, and the two prior months were revised up a combined 84,000. The Labor Department also reported that the unemployment rate ticked up to 7.9 percent and that average hourly wages were unchanged.
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.
See other articles related to: mortgage rates, interest rates, freddie mac
This article originally published at http://dc.urbanturf.com/articles/blog/3.40_mortgage_rates_stay_low/6273
Most Popular... This Week • Last 30 Days • Ever

The eight-bedroom, 35,000 square-foot home known as The Cliffs hit the market Wednesd... read »

The most detailed rendering yet has been unveiled for the 310-unit redevelopment of t... read »

Developments both big and small are continuing to churn throughout the Anacostia area... read »

A look around DC to find the most equity-rich neighborhoods.... read »

A report on the DC region's housing market in April reveals how interest rates above ... read »
- $39 Million + A Basketball Court Over the Potomac: The DC Area's New Most Expensive Home For Sale
- Rendering Revealed for One of the Largest New Residential Developments in Friendship Heights
- The 17 Developments in the Works Between Anacostia and Buena Vista
- Where Are People House-Rich in DC?
- The 5% Effect in the DC-Area Housing Market
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. Visit guides.urbanturf.com or 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