What's Hot: The White House Unveils Ambitious Housing Production Plan | The Massive Development at DC's Armed Forces Home Looks to Get Key Approval
3.98: Rates Head Back Below 4%

Interest rates headed back below 4 percent today for the first time since early June.
Freddie Mac reported that a 30-year fixed-rate mortgage was at 3.98 percent with an average 0.6 point. A year ago, the average was 4.12 percent.
story continues below
loading...story continues above
According to Sean Becketti, chief economist at Freddie Mac, homebuyers have China to thank for the drop in rates:
“Monday’s 8 percent decline in Chinese stock prices triggered similar — though smaller — sell-offs in global equity markets. The associated flight to quality drove U.S. Treasury yields down nearly 5 basis points. Accordingly, 30-year fixed-rate mortgages fell 6 basis points to 3.98 percent.”
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: interest rates, freddie mac
This article originally published at http://dc.urbanturf.com/articles/blog/3.98_rates_head_back_below_4/10194
Most Popular... This Week • Last 30 Days • Ever

The eight-bedroom, 35,000 square-foot home known as The Cliffs hit the market Wednesd... read »

The most detailed rendering yet has been unveiled for the 310-unit redevelopment of t... read »

A look around DC to find the most equity-rich neighborhoods.... read »

Developments both big and small are continuing to churn throughout the Anacostia area... read »

A report on the DC region's housing market in April reveals how interest rates above ... read »
- $39 Million + A Basketball Court Over the Potomac: The DC Area's New Most Expensive Home For Sale
- Rendering Revealed for One of the Largest New Residential Developments in Friendship Heights
- Where Are People House-Rich in DC?
- The 17 Developments in the Works Between Anacostia and Buena Vista
- The 5% Effect in the DC-Area Housing Market
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