4.71%: Mortgage Rates Fall For Second Week in A Row
Mortgage rates fell for the second week in a row, with Freddie Mac reporting 4.71 percent as the average on a 30-year fixed rate mortgage this morning, down from 4.77 percent last week.
The two-week drop in rates is resulting in more people refinancing and applying for mortgages. The Mortgage Bankers Association reports that for the week ending January 7th mortgage applications rose 2.2 percent.
Here is a quick mortgage rate timeline over the last 18 months:
- January 7, 2010 — 4.77%
- December 17, 2010 — 5.07%
- December 4, 2010 — 4.46%
- November 11, 2010 — 4.17%
- October 7, 2010 – 4.27%
- July 29, 2010 – 4.54%
- December 9, 2009 – 4.71%
- October 14, 2009 – 4.87%
- August 3, 2009 – 5.25%
- June 12, 2009 – 5.65%
See other articles related to: freddie mac, interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/4.71_mortgage_rates_fall_for_second_week_in_a_row/2837.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
On Wednesday, Airbnb launched the Icons Collection, approximately a dozen "one-of-a-k... 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