What's Hot: Friendship Heights Food Hall Could Open This Month | Summer Ready With Quick Move-In Homes at Brookland Grove
Mortgage Rates Drop to Lowest Level Since February
Last week, long-term mortgage rates dropped to their lowest level in five months.
Freddie Mac reported 2.9 percent with an average 0.6 point on Thursday, down 8 basis points from the previous week and the lowest level for rates since February.
story continues below
loading...story continues above
“We expect economic growth to gradually drive interest rates higher, but homebuyers and refinance borrowers still have an opportunity to take advantage of 30-year rates that are expected to continue to hover around three percent," Freddie Mac economist Sam Khater said in a release.
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-since-february/18488.
Most Popular... This Week • Last 30 Days • Ever

If a neighborhood is filled largely with single-family homes, chances are the market ... read »

A look at the larger residential developments in the works from Cardozo to Mount Vern... read »

With a dozen homes already sold, Brookland Grove has released several new townhomes f... read »

The Heights, a ten-stall food hall that is taking over the spaces formerly occupied b... read »

A piece of legislation quietly introduced in the House of Representatives earlier thi... 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. 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