What's Hot: The Last 75 Units Headed to the H Street Corridor | President Biden Expected to Extend Eviction Moratorium Through March
4.31: Mortgage Rates Dip Slightly

For the second week in a row, mortgage rates dipped slightly.
On Thursday morning, Freddie Mac reported 4.31 percent with an average 0.8 point as the average on a 30-year fixed-rate mortgage.
Since late June, rates have been wavering around the mid-4 percent range. Last week, rates averaged 4.37 percent. Two weeks ago, they averaged 4.51 percent.
From Freddie Mac vice president and chief economist Frank Nothaft on today’s rates:
Mortgage rates eased for the second consecutive week which should help to alleviate market concerns of a slowdown in the housing market. Thus far, existing home sales for June were the second highest since November 2009 and new home sales were the strongest since May 2008. In addition, the low inventories of homes for purchase are putting upward pressure on house prices.
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.
Here’s a look at the path of rates since January 2010:

This article originally published at http://dc.urbanturf.com/articles/blog/4.31_mortgage_rates_dip_slightly/7370
Most Popular... This Week • Last 30 Days • Ever

When Johnsie Walsh rented a unit in her Stanton Park apartment building, she had no i... read »

UrbanTurf has compiled virtual tours from large new developments around the DC region... read »

The massive new development would sit on a triangular parking lot at First Street and... read »

The draft environmental impact statement for the transportation project expected to g... read »

An analysis by UrbanTurf found that there were 15 neighborhoods in DC where the media... read »
- Obama, The Tenant: A Chat With The President's DC Landlord
- A Virtual Tour of More Than 30 DC-Area Developments
- Douglas Development Pitches 557-Unit Development Across From Dave Thomas Circle
- 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
- DC Has Its Most Million-Dollar Neighborhoods on Record
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