What's Hot: A (Slight) Price Drop For Dianne Feinstein's DC Home | The Plans For a 68-Unit Condo/Townhouse Project in Downtown Bethesda
Mortgage Rates Drop Below 4 Percent
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
This weekend, the Gallery-Place Chinatown Task Force pitched its ideas to Mayor Murie... read »
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... 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