What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
3.44%: Mortgage Rates Drop Slightly
Long-term mortgage rates dropped back down this week after Labor Day.
On Thursday morning, Freddie Mac reported 3.44 percent with an average 0.6 point as the average on a 30-year fixed-rate mortgage, down two basis points from last week.
From Freddie Mac chief economist Sean Becketti on today’s rates:
As mortgage rates continue to range between 3.41 and 3.48 percent, many are taking advantage of the historically low rates by refinancing. Since the Brexit vote, the refinance share of mortgage activity has remained above 60 percent.
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.
This article originally published at https://dc.urbanturf.com/articles/blog/3.44_mortgage_rates_drop_slightly/11650.
Most Popular... This Week • Last 30 Days • Ever
This week’s Best New Listings includes a cozy home adjacent to the Arboretum, a pr... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... 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. 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