What's Hot: A First Look At 135-Unit Office-To-Residential Conversion Planned At Georgetown's Flour Mill
Mortgage Rates Drop to Record Low
✉️ Want to forward this article? Click here.
Mortgage rates have dropped to their lowest level on record.
Today, Freddie Mac reported 3.29 percent with an average 0.7 point as the average for a 30-year mortgage.
story continues below
loading...story continues above
“The average 30-year fixed-rate mortgage hit a record 3.29 percent this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10 percent last week from one year ago and show no signs of slowing down,” Freddie Mac's Sam Khater said in a release. “Given these strong indicators in rates and sales, as well as recent increases in new construction, it’s clear the housing market continues to be a positive force for the broader economy.”
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: freddie mac, interest rates, mortgage rates, record low mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-drop-to-record-low/16554.
Most Popular... This Week • Last 30 Days • Ever

As a homeowner, it's important to understand the types of insurance you need to prote... read »

While the number of homes on the market is much higher than last year, that probably ... read »

The conversion will likely bring some very high-end residences to the neighborhood.... read »

As home prices hit a record in the region last month, one property type took the lead... read »

Zillow recently found that apartment renters needs to have an income of approximately... read »
- What Types of Insurance Do You Need When You Own a Home?
- DC-Area Home Prices Set Record In April As Supply Soars
- A First Look At 135-Unit Office-To-Residential Conversion Planned At Georgetown's Flour Mill
- The Price Of A House In The DC Region Has Never Been Higher
- DC-Area Apartment Renters Need To Earn $91,000 To Afford Median Rent, 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. 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