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4.27%: The Record Mortgage Rate (For This Week, At Least)

  • October 7th 2010

by Mark Wellborn

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4.27%: The Record Mortgage Rate (For This Week, At Least): Figure 1

Thirty-year fixed-rate mortgages dropped to 4.27 percent this week, according to Freddie Mac. That beats last week’s already-historic 4.32 percent, which was the lowest on record since Freddie Mac started keep tracking in 1971.

After bouncing around a little bit in the past few months, long-term interest rates have been dropping for the past couple weeks.

The interest rate news comes a day after The Washington Business Journal reported that DC-area median home prices were up 3.9 percent between the second and third quarter of 2010, and year-over-year prices were up 7.4 percent. The data came from a report provided by real estate data provider Clear Capital.

This article originally published at https://dc.urbanturf.com/articles/blog/4.27_the_record_mortgage_rate_for_this_week_at_least/2553.

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