5.27%: Mortgage Rates Hit Highest Level Since 2009
✉️ Want to forward this article? Click here.
Long-term interest rates resumed their climb this week, rising to the highest level since 2009.
Freddie Mac reported 5.27% with an average 0.9 point today, up 17 basis points compared to last week. A year ago at this time, rates were averaging around 3%; 30-year rates have now not been this high in 13 years.
story continues below
loading...story continues above
“While housing affordability and inflationary pressures pose challenges for potential buyers, house price growth will continue but is expected to decelerate in the coming months,” Freddie Mac's Sam Khater said in a statement.
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.
See other articles related to: freddie mac, interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/527-mortgage-rates-hit-highest-level-since-2009/19613.
Most Popular... This Week • Last 30 Days • Ever

As originally reported by The Wall Street Journal, the loftiness of the listing price... read »

In this article, UrbanTurf will explore some of the more common methods that parents ... read »

As we head into the weekend, UrbanTurf decided to take a closer look at how much home... read »

A large new apartment project is in the works for the Long Branch section of Silver S... read »

The development pipeline in the Tenleytown and AU Park neighborhoods has dwindled in ... read »
- $15 Million McLean Listing With A Swath Of Land Finds A Buyer
- How Can Parents Transfer Real Estate to Their Children?
- The 10-Year Trajectory Of DC-Area Home Prices In 4 Charts
- 148-Unit Double Winged Apartment Building Pitched In Silver Spring
- Stalled Or Full Steam Ahead: The 3 Developments In The Tenleytown and AU Park Pipeline
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