6.79%: Mortgage Rates Approach 7%
✉️ Want to forward this article? Click here.
Interest rates continue to head north.
Freddie Mac reported 6.79% as the average on a 30-year mortgage on Thursday, up 22 basis points compared to last week.
story continues below
loading...story continues above
“Mortgage rates jumped this week, as a buoyant economy has prompted the market to price-in the likelihood of another Federal Reserve rate hike,” Sam Khater, Freddie Mac’s Chief Economist, said in a release. “Although there has been a steady flow of purchase demand around rates in the low to mid six percent range, that demand is likely to weaken as rates approach seven percent.”
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/679_mortgage_rates_approach_7/21088.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
The new project is just the latest affordable development to move forward in DC.... read »
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
The new plans for the development along 11th Street continue to move forward.... read »
In the spring of 2023, the Arlington County Board voted unanimously to approve allowi... read »
- Understanding Rental Restrictions in Condominiums
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- Plans Filed For 65-Unit Affordable Development In U Street Corridor
- Court Decision Overturns Missing Middle Ordinance in Arlington
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