What's Hot: 702,000: DC Sees Population Rise Again In 2024
Mortgage Rates Drop Below 4 Percent
✉️ Want to forward this article? Click here.
For the first time in a year and a half, long-term mortgage rates have dropped below 4 percent.
On Thursday, Freddie Mac reported 3.99 percent with an average 0.5 point as the average for a 30-year mortgage, down seven basis points from last week. Long-term rates haven't fallen below 4 percent since January 2018.
story continues below
loading...story continues above
“While economic data points to continued strength, financial sentiment is weakening with the spread between the 10-year and the 3-month Treasury bill narrowing as fears of the impact of the trade war with China grow," Freddie Mac's Sam Khater said in a release. "Lower rates should, however, give a boost to the housing market, which has been on the upswing with both existing and new home sales picking up recently.”
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-drop-below-4-percent/15464.
Most Popular... This Week • Last 30 Days • Ever
If the home ultimately sells for around that list price, it would set a record as the... read »
When purchasing a home, it's crucial to conduct a thorough inspection to determine th... read »
The federal government could be shut down by the end of today, and that shutdown coul... read »
The 16,250 square-foot home along Foxhall Road NW owned by Fox News anchor Bret Baier... read »
The multi-faceted project will include restaurant, bar, fitness and event spaces.... 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