6.79%: Mortgage Rates Drop Slightly
✉️ Want to forward this article? Click here.
Long-term mortgage rates dropped this week, offering a bit more affordability to homebuyers.
On Thursday, Freddie Mac reported 6.79% as the average on a 30-year mortgage, down 8 basis points from last week.
story continues below
loading...story continues above
“Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “We also are seeing encouraging data on existing home sales, which reflects improving inventory. Regardless, rates remain elevated near seven percent as markets watch for signs of cooling inflation, hoping that rates will come down further.”
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: mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/679_mortgage_rates_drop_slightly/22131.
Most Popular... This Week • Last 30 Days • Ever
The university and developer Greystar have filed plans with DC for the new Fusion Bui... read »
As the redevelopment of the Mazza Gallerie mall in Friendship Heights heads towards c... read »
One of the critical factors in determining whether refinancing is a wise decision is ... read »
The one-of-a-kind residence was built out of two expansive classrooms, an office, two... read »
Sentinel Real Estate filed a revised conceptual site plan application this week to re... read »
- A First Look At The Big Plans For Howard's Wonder Plaza
- Total Wine Coming To Friendship Heights
- What Is The Best Spread To Refinance Your Mortgage?
- 13 Foot Ceilings, 5,800 Square Feet in a Historic Schoolhouse: A Rare DC Loft Hits the Market
- 256-Unit Project Proposed to Replace Rosslyn Buildings Moves Forward
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