5.1%: Mortgage Rates Fall For Second Week in a Row
Long-term interest rates fell again this week.
Freddie Mac reported 5.1% with an average 0.9 point today, down 15 basis points compared to last week. These rates have now fallen two weeks in a row.
story continues below
loading...story continues above
“Mortgage rates decreased for the second week in a row due to multiple headwinds that the economy is facing,” Freddie Mac's Sam Khater said in a statement. “Despite the recent moderation in rates, the housing market has clearly slowed, and the deceleration is spreading to other segments of the economy, such as consumer spending on durable goods.”
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.
This article originally published at https://dc.urbanturf.com/articles/blog/51-mortgage-rates-fall-for-second-week-in-a-row/19696.
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
When it comes to financing a home purchase, a 30-year mortgage is one of the most com... read »
Pocket listings are growing in popularity in the low-inventory market in the DC regio... read »
Margarite is a luxury 260-apartment property known for offering rich, high-end reside... read »
The owner of 700 Monroe Street NE filed a map amendment application with DC's Zoning ... 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