What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
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
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... read »
This week’s Best New Listings includes a cozy home adjacent to the Arboretum, a pr... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... 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