3.66: Mortgage Rates Edge Upward

In a departure from the downward trend, the rate on an average fixed rate 30-year mortgage edged upward to 3.66 percent with an average 0.6 point on Thursday, Freddie Mac reported. It was the first time this year that rates have done up. Last week, long-term rates stood at 3.63 percent.
Len Kiefer, Freddie Mac’s deputy chief economist, said in a news release that strong economic news had sent rates upward.
“Mortgage rates ticked up this week for the first time in 2015 following positive home sales reports. New home sales surged 11.6 percent in December beating market expectations. Likewise, existing home sales rose 2.4 percent to an annual rate of 5.04 million homes in December.”
UrbanTurf is tracking the path of the rates in this chart:

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, freddie mac
This article originally published at http://dc.urbanturf.com/articles/blog/3.66_mortgage_rates_edge_upward/9467
Most Popular... This Week • Last 30 Days • Ever

The massive new development would sit on a triangular parking lot at First Street and... read »

UrbanTurf has compiled virtual tours from large new developments around the DC region... read »

Between on-campus and off-campus developments, Howard University deserves a rundown o... read »

The 5,500 square-foot condominium is a penthouse at the Ritz-Carlton in Georgetown.... read »

Airbnb announced Wednesday that it will cancel all reservations in the DC region duri... read »
- Douglas Development Pitches 557-Unit Development Across From Dave Thomas Circle
- A Virtual Tour of More Than 30 DC-Area Developments
- On-Campus and Off-Campus: The Howard University Rundown
- $18 Million: DC's Priciest Condo Ever Hits the Market in Georgetown
- Airbnb Cancelling and Blocking All Reservations in the DC Area During Inauguration
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