What's Hot: More Down Than Up: A Look at Detached Home Prices Around DC | Inside Bradley Beal's $10 Million Bethesda Home
Long-Term Mortgage Rates Head Back Up
Long-term mortgage rates headed up on Thursday. Freddie Mac reported 6.48% on a 30-year mortgage, up six basis points from last week.
story continues below
loading...story continues above
"Homebuyers are waiting for rates to decrease more significantly, and when they do, a strong job market and a large demographic tailwind of Millennial renters will provide support to the purchase market," a Freddie Mac press release stated. “While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023.”
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/long-term_mortgage_rates_head_back_up/20470.
Most Popular... This Week • Last 30 Days • Ever

The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »

The Capitol Hill home has been listed for sale that has a number of serious security ... read »

The listing will hit the market on Wednesday, according to the Washington Business Jo... read »

About a month ago, UrbanTurf examined how condo and co-op prices were driving home pr... read »

When Wall Street buys most of the homes on your block; the $5 million houseboat; and ... 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. 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