Mortgage Rates Fall Back Below 3%
Mortgage rates fell back below 3% this week and are now just north of all-time record lows.
On Thursday, Freddie Mac reported 2.99% with an average 0.8 point on a 30-year mortgage, down from 3.01% last week. The record low rate is 2.98%.
story continues below
loading...story continues above
“It’s Groundhog Day in the mortgage market as rates continue to remain near historic lows, driving purchase demand over 20 percent above a year ago,” Freddie Mac's Sam Khater said in a release. “Real estate is one of the bright spots in the economy, with strong demand and modest slowdown in home prices heading into the late summer. Home sales should remain strong the next few months into the early fall.”
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-fall-back-below-3/17134.
Most Popular... This Week • Last 30 Days • Ever

UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »

As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »

Prices in Wesley Heights, a DC neighborhood to the south of Spring Valley bordered by... read »

The plans for the new two-building residential project at Union Market got a big thum... read »

Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »
- The Nearly 750 Projects in UrbanTurf's Pipeline
- The 8 Large Developments on the Boards From Anacostia to the Bridge District
- The DC Neighborhood Where Home Prices Have Risen The Most in 2023
- Penn and 4th: EDENS Big Residential Plans at Union Market Get Key Approval
- The Difference Between Condos and Co-ops
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