6.27%: Mortgage Rates Drop for 5th Straight Week
✉️ Want to forward this article? Click here.
Long-term mortgage rates continued their decline on Thursday, dropping for the fifth straight week.
Freddie Mac reported 6.27% as the average on a 30-year mortgage, down one basis points compared to last week.
story continues below
loading...story continues above
“Incoming data suggest inflation remains well above the desired level but showing signs of deceleration,” Sam Khater, Freddie Mac’s Chief Economist, said in a release. "These trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers as the housing market hits its peak in the spring and summer.”
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: interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/627_mortgage_rates_drop_for_5th_straight_week/20904.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
The new residential project would take the place of largely vacant office buildings a... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
This week’s Best New Listings includes a townhouse on a secluded alley block and a ... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- 48 Apartments, Activated Alley Space And An Ode To Duke Pitched For DC's West End
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Best New Listings: One Of 10 On U Street; Moved By Horses To Tenleytown
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
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