What's Hot: The Last 75 Units Headed to the H Street Corridor | President Biden Expected to Extend Eviction Moratorium Through March
3.84: Interest Rates Hit Lowest Level Since May

Long-term interest rates hit their lowest level in three months, reported Freddie Mac on Thursday.
A 30-year fixed-rate mortgage averaged 3.84 percent with an average 0.6 point this week. It’s a slight drop from last week’s 3.93 percent and also marks the fifth week that rates have been under 4 percent. Rates haven’t been this low since May.
Sean Becketti, chief economist with Freddie Mac, said that continued unease in China contributed to the drop and may result rate fluctuations for a time as international markets level out.
“Given the recent volatility, mortgage rates could change up or down significantly by the time this report is released,” he said in a statement for Freddie Mac’s release.“There are indications though that the unsettled state of global markets will make the Fed think twice before taking any action on short-term interest rates in September. If that’s the case, the 30-year mortgage rate may remain subdued in the short-to-medium term, providing support for continued strength in the housing sector.”
UrbanTurf is following the trajectory of 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, interest rates, freddie mac
This article originally published at http://dc.urbanturf.com/articles/blog/3.84_rates_stay_below_4_percent_for_more_than_a_month/10295
Most Popular... This Week • Last 30 Days • Ever

When Johnsie Walsh rented a unit in her Stanton Park apartment building, she had no i... read »

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

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

The draft environmental impact statement for the transportation project expected to g... read »

An analysis by UrbanTurf found that there were 15 neighborhoods in DC where the media... read »
- Obama, The Tenant: A Chat With The President's DC Landlord
- A Virtual Tour of More Than 30 DC-Area Developments
- Douglas Development Pitches 557-Unit Development Across From Dave Thomas Circle
- 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
- DC Has Its Most Million-Dollar Neighborhoods on Record
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