What's Hot: Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million | The Smallest Home on the Market in DC
Mortgage Rates Creep Back Up
Mortgage rates headed back up after dropping for two consecutive weeks.
On Thursday, Freddie Mac reported 4.62 percent with an average 0.4 point as the average for a 30-year mortgage.
story continues below
loading...story continues above
"The 30-year fixed-rate mortgage climbed eight basis points to 4.62 percent, and the Federal Reserve Board on Wednesday raised the federal funds rate by 25 basis points,” Sam Khater, Freddie Mac’s chief economist said. “The good news is that the impact on consumer budgets will be smaller than past rate hike cycles. That is because a much smaller segment of mortgage loans in today’s market are pegged to short-term rate movements.
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/mortgage-rates-creep-back-up/14120.
Most Popular... This Week • Last 30 Days • Ever

Sales for The Arbor at Takoma, a boutique property boasting just 36 condominiums, are... read »

Our guide for amateur landlords who don't really know what they're doing.... read »

Whole Foods announced yesterday that the 47,000 square foot store will open on June 2... read »

The Massachusetts Avenue Heights home was previously owned by the former chief execut... read »

A large new apartment and townhouse project has been pitched for the growing pipeline... read »
- A Look Inside Takoma's First New Condominium in More Than a Decade
- The Essential Guide to Being an Amateur Landlord in DC
- Whole Foods at Walter Reed to Open at End of June
- Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million
- A Two-Phase, 370-Unit Development Pitched For Columbia Pike Gas Station Site
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