Mortgage Rates Drop To Lowest Level in Three Months
✉️ Want to forward this article? Click here.
Long-term mortgage rates fell to their lowest level since February this week.
Freddie Mac reported 2.94% with an average 0.7 point on a 30-year mortgage on Thursday, down two basis points from last week.
story continues below
loading...story continues above
"Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under three percent for the past month," Sam Khater, Freddie Mac’s Chief Economist, said in a statement. "The low mortgage rate environment has been a boon to the housing market but may not last long as consumer inflation has accelerated at its fastest pace in more than twelve years and may lead to higher mortgage rates in the summer.”
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-to-lowest-level-in-three-months/18257.
Most Popular... This Week • Last 30 Days • Ever
Estate taxes, also known as inheritance taxes or death duties, are taxes imposed on t... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
The application may signal movement on the massive mixed-use project.... read »
Washingtonian is reporting that the national bookstore chain will open its doors the ... read »
- What Are Estate Taxes and How Do They Work?
- How An Unmarried Couple Buys a Home Together
- The Cliffs in McLean Sells For $25.5 Million, Highest Home Sale In DC Area In Years
- Raze Application Filed For Site Of 900-Unit Development, Food Hall Along Anacostia River
- Barnes and Noble Returns To Georgetown Next Week
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