4.49%: How Low Will Mortgage Rates Go?
✉️ Want to forward this article? Click here.

This morning, long-term mortgage rates fell again, as Freddie Mac reported 4.49 percent with 0.7 of a point as the average on a 30-year fixed-rate mortgage. It is the eighth week in a row that rates have dropped.
The drop in rates was attributed to weaker than expected job growth. From a statement by Freddie Mac vice president and chief economist Frank Nothaft:
“Long-term Treasury yields moved lower following a weak jobs report and mortgage rates followed suit. The economy added 54,000 jobs in May, the fewest in eight months, and factories cut payrolls for the first time in seven months. The housing market continues to remain fragile as well.”
Here’s a look at the path of mortgage rates since last January:

See other articles related to: freddie mac, interest rates, mortgage rates, unemployment
This article originally published at https://dc.urbanturf.com/articles/blog/4.49_how_low_will_mortgage_rates_go/3628.
Most Popular... This Week • Last 30 Days • Ever

Today, UrbanTurf takes a look at the latest with the residential (and some of the com... read »

The mortgage interest deduction allows homeowners who itemize their taxes to reduce t... read »

Canal House, a Tribute Portfolio hotel, will open near the C&O Canal later this month... read »

While tariffs are often discussed in the context of their effects on manufacturing, a... read »

The new project will be located at a site that the developer purchased several years ... read »
- Jose Andres, Heating Plants And The 10 Developments Coming To Georgetown
- How Does The Mortgage Interest Deduction Work?
- Marriott Set To Open 105-Room Boutique Hotel in Georgetown This Month
- How Will New Tariffs Affect The Housing Market
- Jair Lynch Pitches 8-Story, 203-Unit Development For Arlington's Barcroft Neighborhood
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