What's Hot: A More Vivid Look at 557-Unit Development Proposed Near Dave Thomas Circle | In DC, the Home Flipping Market is Hottest East of the River
4.02: Mortgage Rates Barely Budge

Mortgage rates are staying put around 4 percent, according to the most recent rates published Thursday by Freddie Mac.
Rates averaged 4.02 last week with an average 0.7 point on a 30-year fixed-rate mortgage, Freddie Mac reported. That’s up slightly from last week, and rates have been hanging around at 4 percent for a few weeks now. Rates are still down from this time last year, when they averaged 4.14 percent.
Freddie Mac’s new chief economist Sean Becketti said in a news release that rates are likely to continue to increase throughout 2015 as the economy continues to recover.
“Mortgage rates were little changed this week,” he said. “Buyers appear anxious to purchase homes before the expected increase in interest rates later this year. Given the tight inventory of homes for sale, a 5.1-month supply at the current sales pace, home prices are being bid up.”
UrbanTurf is following 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/4.02_mortgage_rates_barely_budge/10049
Most Popular... This Week • Last 30 Days • Ever

This week’s Best New Listings includes a mid-century modern house in Holmes Run Acr... read »

UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »

The 1.5 million additional square feet of development along the Washington Channel is... read »

The two-bedroom, two-bath unit hit the market on Monday for just under $2 million.... read »

The Q1 2021 crane count shows DC in the lead.... read »
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