A Four-Week Drop: Long-Term Rates Fall to 3.79%

Long-term mortgage rates dropped for the fourth week in a row after inching above 4 percent at the end of 2015.
Freddie Mac reported 3.79 percent with an average 0.6 point for long-term rates this week. Rates have now been steadily falling since the beginning of the year.
story continues below
loading...story continues above
“The yield on the 10-year Treasury stabilized around 2 percent this week, and the 30-year mortgage rate dipped 2 basis points to 3.79 percent,” Freddie Mac’s Sean Becketti said. “The recent market turmoil has given the Fed pause; as was universally expected, the Fed stood pat this week but kept its options open for a rate increase in March.”

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 http://dc.urbanturf.com/articles/blog/a_four-week_drop_long-term_rates_drop_to_3.79/10811
Most Popular... This Week • Last 30 Days • Ever

This week’s Best New Listings include a mid-century modern home in Kensington, a bu... read »

UrbanTurf is re-running its primer on property taxes which outlines a few things that... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »

The 11th Street Bridge Park project is progressing through the approval process.... read »

Another 30-day public comment period is currently underway.... read »
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. Visit guides.urbanturf.com or 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