What's Hot: A 50-Unit Development is Pitched For Recognizable Buildings Along H Street | The Fastest Moving Prices in DC
3.59: Rates Inch Back Up

After many weeks of dropping, long-term mortgage rates rose for the second week in a row.
This morning, Freddie Mac reported 3.59 percent with an average 0.6 point as the average on a 30-year fixed mortgage. Last week, rates moved up to 3.55, reversing course after dropping for 13 out of 14 weeks.
From Freddie Mac vice president and chief economist Frank Nothaft:
Fixed mortgage rates inched up again this week following stronger-than-expected employment reports. The economy added 163,000 jobs in July, well above the market consensus forecast of 100,000, and the largest increase since February.
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 http://dc.urbanturf.com/articles/blog/3.59_rates_inch_back_up/5886
Most Popular... This Week • Last 30 Days • Ever

DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »

Just a month after setting a new high in March, the value of a house in DC skyrockete... read »

The National Capital Planning Commission will consider approval of the final master p... read »

A look around DC to see where home sellers are dropping their prices.... read »

The new five-level residential project is planned for the buildings at 1365-1375 H St... read »
- First-Timer Primer: DC's Home Buyer Assistance Programs
- $1.4 Million: The Price for a House in DC Hit a New High in April
- The Massive Development at DC's Armed Forces Home Looks to Get Key Approval in June
- Where Are Home Sellers Dropping Their Prices in DC?
- A 50-Unit Development is Pitched For Recognizable Buildings Along H Street
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