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
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

Plans to redevelop a strip mall along the thoroughfare are back in the works after a ... read »

In this article, UrbanTurf will explain what special assessments are, how they work, ... read »

The huge DC news of the week is that the Washington Commanders are going to build a n... read »

Today, UrbanTurf checks in on the status of the development pipeline over in Congress... read »

This morning, Mayor Muriel Bowser and the Commanders will announce that a deal has be... read »
- 262-Unit Development With 'Main Street' Retail Pitched For Columbia Pike
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Where Will The 6,000 Homes Be Built Around DC's New Football Stadium?
- St. E's And More: A Look At The Congress Heights Residential Pipeline
- DC To Announce RFK Stadium Deal With Commanders
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