What's Hot: The 5 Developments on the Boards For Buzzard Point | IKEA Opening Small Format, Delivery-Only Location in Pentagon City
Long-Term Mortgage Rates Start 2016 Under 4 Percent

Mortgage rates spent just a week above 4 percent.
Freddie Mac reported Thursday that a 30-year fixed-rate mortgage averaged 3.97 percent with an average 0.6 point this week. This is a four basis point drop from last week when rates inched above 4 percent for the first time since July.
story continues below
loading...story continues above
According to Sean Becketti, chief economist at Freddie Mac, the rate dip was tied to volatility in international markets.
“Concerns about overseas economic developments have dominated financial markets to start the year. U.S. Treasury bond yields fell amidst a global equity selloff and flight to safety. In response, the 30-year mortgage rate dipped 4 basis points to 3.97 percent.”

Keep an eye out for UrbanTurf’s coming article that looks at where local lenders see interest rates going in 2016.
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: freddie mac
This article originally published at https://dc.urbanturf.com/articles/blog/3.97_2016_rings_in_at_under_4_percent/10728.
Most Popular... This Week • Last 30 Days • Ever

The Townhomes at Michigan Park and Riggs Park Place are now selling their final homes... read »

The 650,000 square-foot project, designed by Adjaye Associates and Hickok Cole, will ... read »

The largest development on the boards for the H Street Corridor is planned for a fami... read »

The new development keeps humming along in DC's Buzzard Point.... read »

It is early in the year, but there are already a number of areas around DC where home... read »
- New, Move-In Ready Townhomes at EYA’s Northeast DC Neighborhoods
- A First Look at the Five-Building Centerpiece of the St. Elizabeth's Redevelopment
- 200-Unit Apartment Project Planned For Autozone Site Along the H Street Corridor
- The Stacks, Brooklyn Bowling and a Vermeer: The 5 Developments on the Boards for Buzzard Point
- DC's 14 Million-Dollar Neighborhoods in 2023
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