What's Hot: The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn | Do Three Months of Rising Home Sales Mean The Market is Turning a Corner?
Mortgage Rates Drop to New Record Low of 2.81%
Mortgage rates dropped to yet another record low this week.
On Thursday, long-term mortgage rates fell to 2.81%, five basis points lower than the record low set just weeks ago. It is the tenth time this year that rates have dropped to a new record low.
story continues below
loading...story continues above
“Low mortgage rates have become a regular occurrence in the current environment,” Freddie Mac's Sam Khater said in a release. “As we hit yet another record low, the tenth record this year, many people are benefitting as refinance activity remains strong. However, it’s important to remember that not all people are able to take advantage of low rates given the effects of the pandemic.”
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, record low mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-drop-to-new-record-low-of-281/17410.
Most Popular... This Week • Last 30 Days • Ever

New renderings show the public space that will be part of the huge new residential de... read »

Several large projects are in the works across the Potomac in Rosslyn while others ha... read »

In this week's edition of Above Asking, we highlight a home in Mount Pleasant that so... read »

As Los Angeles looks to implement a "mansion tax" on April 1, UrbanTurf decided to ta... read »

The 2023 Home Buyers and Sellers Generational Trends report out today found that bab... read »
- New Renderings Show Retail Plaza, Park at 435-Unit Takoma Metro Development
- The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn
- 12 Offers, $273,000 Above Asking in Mount Pleasant
- A Closer Look at the Mansion Tax
- Baby Boomers Pass Millennials As Largest Generation of Homebuyers, Per Report
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