Mortgage Rates Edge Up, Rising For 8th Week in a Row
✉️ Want to forward this article? Click here.
On Thursday, Freddie Mac reported 4.43 percent with an average 0.5 point as the average for a 30-year mortgage, a three basis point jump since last week. Long-term rates are now at their highest level since January 2014.
story continues below
loading...story continues above
"Optimistic testimony on Capitol Hill from Federal Reserve Chairman Jerome Powell sent Treasury yields higher as Powell stated his outlook for the economy has strengthened since December," Freddie Mac deputy economist Len Kiefer said in a release. "Following Treasurys, the 30-year fixed mortgage rate jumped 3 basis points to reach 4.43 percent in this week's survey. The 30-year rate has been on a tear in 2018, climbing 48 basis points since the start of the year and increasing for 8 consecutive weeks."
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.
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-edge-up-rising-for-8th-week-in-a-row/13627.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf is re-publishing an article with updated links that is a step-by-step way t... read »
The DC Council passed a bill on Tuesday that could bring thousands of new electric ca... read »
Development along the Maryland side of the Rhode Island Avenue corridor continues to ... read »
MRP Realty and Florida Rock have plans in the works for two large new residential bui... read »
The big residential plans in the works for the hotel site are changing a bit as the r... read »
- How to Obtain a Basic Business License For Your DC Rental
- DC Council Passes Bill That Would Bring Thousands Of New EV Stations To The City
- The 3,000 Units in the Works From Route 1 to Hyattsville
- Plans For 600 Apartments Next To Nats Park Heads To Zoning Commission
- 630 to 570 Units: A Slight Change Of Plans For Arlington's Americana Hotel Development
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