What's Hot: The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn | Do Three Months of Rising Home Sales Mean The Market is Turning a Corner?
3.42: Morgage Rates Heading North

Mortgage rates are still low, just not at the record-lows that they have been hovering at for months.
On Thursday morning, Freddie Mac reported 3.42 percent with an average 0.7 point as the average on a 30-year fixed-rate mortgage, the highest rate since September 2012.
From Freddie Mac vice president and chief economist Frank Nothaft:
Fixed mortgage rates were up slightly over the holiday week but remain highly affordable and should continue to aid in the ongoing housing recovery. For instance, existing home sales totaled 4.65 million in 2012, showing a 9.2 percent increase over 2011 and the strongest pace in five years.
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/3.42_rates_mortage_rates_heading_north/6561.
Most Popular... This Week • Last 30 Days • Ever

Clarion Partners, the owner of the Chevy Chase Pavilion, has filed modifications to i... read »

Where it's cheaper to build than buy; Elon Musk is not making Texas happy; and the wo... read »

New renderings show the public space that will be part of the huge new residential de... read »

Several large projects are in the works across the Potomac in Rosslyn while others ha... read »

In this week's edition of Above Asking, we highlight a home in Mount Pleasant that so... 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. 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