Interest Rates Fell Again At End of 2023
✉️ Want to forward this article? Click here.
As 2023 came to a close, long-term mortgage rates fell again.
Last Thursday, Freddie Mac reported 6.61% as the average on a 30-year mortgage, down 6 basis points week over week. Rates are now at their lowest level since last summer.
story continues below
story continues above
“The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down,” said Sam Khater, Freddie Mac’s Chief Economist. “Heading into the new year, the economy remains on firm ground with solid growth, a tight labor market, decelerating inflation, and a nascent rebound in the housing market.”
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/interest_rates_fell_again_at_end_of_2023/21818.
Most Popular... This Week • Last 30 Days • Ever

The huge DC news of the week is that the Washington Commanders are going to build a n... read »

Plans to redevelop a strip mall along the thoroughfare are back in the works after a ... read »

Today, UrbanTurf checks in on the status of the development pipeline over in Congress... read »

The new 230-room citizenM hotel is expected to open at the beginning of 2026.... read »

Dubbed the Stratford House, the property had not been listed for sale in decades prio... read »
- Where Will The 6,000 Homes Be Built Around DC's New Football Stadium?
- 262-Unit Development With 'Main Street' Retail Pitched For Columbia Pike
- St. E's And More: A Look At The Congress Heights Residential Pipeline
- Georgetown Hotel Along Water Street Set To Deliver Next Year
- One Of Northern Virginia's Priciest Homes Sells For $14 Million
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