Heading Down: Mortgage Rates Drop to 6.35%
✉️ Want to forward this article? Click here.
Mortgage rates fell again this week and that could be the trend for the coming months.
Freddie Mac reported 6.35% as the average on a 30-year mortgage on Thursday, down 4 basis points compared to last week. Long-term rates have fallen about 40 basis points since March.
story continues below
loading...story continues above
“This week’s decrease continues a recent sideways trend in mortgage rates, which is a welcome departure from the record increases of last year,” Sam Khater, Freddie Mac’s Chief Economist, said in a release. “While inflation remains elevated, its rate of growth has moderated and is expected to decelerate over the remainder of 2023. This should bode well for the trajectory of mortgage rates over the long-term.”
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/heading_down_mortgage_rates_drop_to_635/21014.
Most Popular... This Week • Last 30 Days • Ever

Today, UrbanTurf takes a look at the latest with the residential (and some of the com... read »

The mortgage interest deduction allows homeowners who itemize their taxes to reduce t... read »

Canal House, a Tribute Portfolio hotel, will open near the C&O Canal later this month... read »

While tariffs are often discussed in the context of their effects on manufacturing, a... read »

The new project will be located at a site that the developer purchased several years ... read »
- Jose Andres, Heating Plants And The 10 Developments Coming To Georgetown
- How Does The Mortgage Interest Deduction Work?
- Marriott Set To Open 105-Room Boutique Hotel in Georgetown This Month
- How Will New Tariffs Affect The Housing Market
- Jair Lynch Pitches 8-Story, 203-Unit Development For Arlington's Barcroft Neighborhood
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