What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
4.08: Mortgage Rates Reach New 2015 High
✉️ Want to forward this article? Click here.
![4.08: Mortgage Rates Reach New 2015 High: Figure 1](https://assets.urbanturf.com/dc/images/blog/2015/07/rate_070215_280x2101.png)
Mortgage rates reached a new 2015 high last week, Freddie Mac reported on Thursday morning.
Rates headed north to 4.08 percent with a 0.6 point, the mortgage giant said, after weeks of hovering around the 4.0 mark. Rates are up from 4.02 two weeks ago and nearly on par with rates a year ago, when they averaged 4.12 percent. The previous 2015 high was 4.04.
In a news release, Freddie Mac’s chief economist Sean Becketti said uncertainty in overseas financial markets, mostly due to Greece’s debt crisis, drove rates up.
“Overseas events are generating significant day-to-day volatility in interest rates,” Becketti said. “Nonetheless, the week-to-week impact on most rates was modest — the 30-year mortgage rate increased just 6 bps, to 4.08 percent. The MBA composite index of mortgage applications fell 4.7 percent in response to what is now three consecutive weeks of mortgage rates over 4 percent. Other measures, however, confirmed continued strength in housing — pending home sales rose 0.9 percent, exceeding expectations, and the Case-Shiller house price index recorded another solid increase.”
UrbanTurf is following the path of the rates in this chart:
![4.08: Mortgage Rates Reach New 2015 High: Figure 2](https://assets.urbanturf.com/dc/images/blog/2015/07/rates_070215.png)
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
This article originally published at https://dc.urbanturf.com/articles/blog/4.08_mortgage_rates_reach_new_high_for_2015/10076.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... 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. 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