3.41%: Mortgage Rates Head Toward Record Lows

Whether Brexit is the reason or not, long-term mortgage rates continue to head south.
Rates averaged 3.41 percent with an average 0.5 point, Freddie Mac reported on Thursday. This is seven basis points lower than last week, and just ten basis points above the all-time low reached back in 2012. Last year at this time, rates averaged 4.04 percent.
“Continuing fallout from the Brexit vote drove Treasury yields lower again this week,” Freddie Mac’s Sean Becketti said in a statement. “Mortgage rates have now dropped 15 basis points over the past two weeks, leaving them only 10 basis points above the all-time low.”
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/3.41_mortgage_rates_head_toward_record_lows/11441
Most Popular... This Week • Last 30 Days • Ever

An analysis by UrbanTurf found that there were 15 neighborhoods in DC where the media... read »

The project is the first Rosslyn high-rise that will include affordable units.... read »

Data shows that DC is 40% of the way to reaching the 36,000-by-2025 goal — but stil... read »

Another 7-Eleven site redevelopment is (back) in the works — this time in downtown... read »

Tysons Corner also comes in tenth nationwide in number of apartments built since 2016... read »
- DC Has Its Most Million-Dollar Neighborhoods on Record
- Arlington County Approves 740-Apartment Ames Center Site Redevelopment
- 14,400 Units: DC is Nearly Halfway to Meeting 2025 Housing Production Goals
- Same Team, Different Development: 450 Units Proposed for Downtown Bethesda Site
- 2,562 New Units: Tysons Tops DC Suburbs in Apartments Built
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