4.13: Rates Unchanged from Last Week in Unprecedented Summer Lull
On Thursday morning, Freddie Mac reported 4.13 percent with an average 0.6 point as the average on a 30-year fixed-rate mortgage.
As we pointed out last week, that is lower than a year ago by 24 basis points. That doesn’t seem like much, but it would mean a difference of about $56 a month for a well-qualified buyer with a standard mortgage on a $500,000 house.
Freddie Mac’s Frank Nothaft said in a news release that the week included “some good news on housing with existing home sales climbing 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June, the highest pace since October 2013.” The rates were apparently unaffected by that news, though.
Here’s a look at the path of rates since January 2010:
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, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/4.13_rates_unchanged_from_last_week_in_unprecedented_summer_lull/8778.
Most Popular... This Week • Last 30 Days • Ever
Roadside Development filed a sketch plan with Montgomery County this month for the 30... read »
While just a few months into the year, the prices per square foot around DC are start... read »
The Matthew is located on 9th Street, overlooking the iconic Naylor Court and neighbo... read »
Dan Snyder donates house to charity; DC records priciest building sale since 2022; an... read »
This week's Best New Listings include an award-winning craftsman, a condo in a former... 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