3.55: Rates Down Slightly, Hover Near Record Low
✉️ Want to forward this article? Click here.
This morning, Freddie Mac reported 3.55 percent with an average 0.7 point as the average on a 30-year fixed-rate mortgage, down from an average of 3.59 percent last week. Rates reached their all-time record low of 3.49 percent in late July.
From Freddie Mac vice president and chief economist Frank Nothaft:
Mortgage rates were little changed over the holiday week amid mixed economic data releases. Although consumer spending rose 0.4 percent in July, representing the largest gain in five months, the core price index was unchanged suggesting little threat of inflation.
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/3.55_rates_down_slightly_hover_near_record_low/5991.
Most Popular... This Week • Last 30 Days • Ever
A single home has come up for sale at Beale Square: an acclaimed, carriage-style town... read »
Estate taxes, also known as inheritance taxes or death duties, are taxes imposed on t... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The application may signal movement on the massive mixed-use project.... read »
Washingtonian is reporting that the national bookstore chain will open its doors the ... read »
- A Uniquely Private, Carriage-Style Townhome Hits the Market in Bloomingdale
- What Are Estate Taxes and How Do They Work?
- How An Unmarried Couple Buys a Home Together
- Raze Application Filed For Site Of 900-Unit Development, Food Hall Along Anacostia River
- Barnes and Noble Returns To Georgetown Next Week
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