What's Hot: A 50-Unit Development is Pitched For Recognizable Buildings Along H Street | The Fastest Moving Prices in DC
4.20: Mortgage Rates Back Up After Low Point

On Thursday, Freddie Mac reported 4.20 percent with an average 0.6 point as the average on a 30-year fixed-rate mortgage, up from 4.14 percent last week. This is the second week in a row that rates have risen after reaching their lowest point since October 2013.
A year ago, rates were 3.23 percent.
Freddie Mac’s chief economist, Frank Nothaft, attributed the rising rates to a good jobs report:
“Mortgage rates continued to climb for the second week in a row following the increase in 10-year Treasury yields. Also, the economy added 217,000 jobs in May, following a 282,000 surge in April and a 203,000 increase in March. Meanwhile, the unemployment rate in May held steady at 6.3 percent.”
We’ve been tracking the rates over time 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
This article originally published at http://dc.urbanturf.com/articles/blog/4.20_mortgage_rates_pick_back_up_after_low_point/8608
Most Popular... This Week • Last 30 Days • Ever

DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »

A look around DC to see where home sellers are dropping their prices.... read »

Just a month after setting a new high in March, the value of a house in DC skyrockete... read »

The National Capital Planning Commission will consider approval of the final master p... read »

The new five-level residential project is planned for the buildings at 1365-1375 H St... read »
- First-Timer Primer: DC's Home Buyer Assistance Programs
- Where Are Home Sellers Dropping Their Prices in DC?
- $1.4 Million: The Price for a House in DC Hit a New High in April
- The Massive Development at DC's Armed Forces Home Looks to Get Key Approval in June
- A 50-Unit Development is Pitched For Recognizable Buildings Along H Street
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