What's Hot: A 30-Unit Conversion Pitched Along K Street in Georgetown | DC Is Launching Rent Control Database
6.57%: Mortgage Rates Rise
✉️ Want to forward this article? Click here.
Mortgage rates shot up this week as the U.S. economy showed strength and debt ceiling concerns grew.
Freddie Mac reported 6.57% as the average on a 30-year mortgage on Thursday, up 18 basis points compared to last week.
story continues below
loading...story continues above
“Dampened affordability remains an issue for interested homebuyers and homeowners seem unwilling to lose their low rate and put their home on the market," Sam Khater, Freddie Mac’s Chief Economist, said in a release. "If this predicament continues to limit supply, it could open up an opportunity for builders to help address the country’s housing shortage."
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/657_mortgage_rates_rise/21067.
Most Popular... This Week • Last 30 Days • Ever

Our guide for amateur landlords who don't really know what they're doing.... read »

The conversion will likely bring some very high-end residences to the neighborhood.... read »

Add another conversion to the growing list of developments in the works for Georgetow... read »

The RentRegistry will launch in June.... read »

Aside from some minor changes, it is a concept that was approved a few years ago.... read »
- The Essential Guide to Being an Amateur Landlord in DC
- A First Look At 135-Unit Office-To-Residential Conversion Planned At Georgetown's Flour Mill
- A 30-Unit Conversion Pitched Along K Street in Georgetown
- DC Is Finally Launching A Database Of Rent-Controlled Apartments
- HPO Recommends Approval For 47 Townhomes, 96 Condos At Walter Reed
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