Long-term mortgage rates haven't been this low since 2017.
On Thursday, Freddie Mac reported 3.82 percent with an average 0.5 point as the average for a 30-year mortgage, down 17 basis points from last week. Long-term rates last dropped to this level in September 2017.
“While the drop in mortgage rates is a good opportunity for consumers to save on their mortgage payment, our research indicates that there can be a wide dispersion among mortgage rate offers," Freddie Mac's Sam Khater said in a release. "By shopping around and getting a single additional mortgage rate quote, a borrower can save an average of $1,500.”
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-fall-to-lowest-level-in-almost-two-years/15491.
Most Popular... This Week • Last 30 Days • Ever
If you make your way through downtown Bethesda, it seems like there is a new project ... read »
The late senator's Spring Valley home has hit the market, and new photos offer a look... read »
The Post will stay downtown; a look at DC renters who are renovating; and the residen... read »
This week's Best New Listings includes a historic Sears Kit Home, a bungalow with bri... read »
The news anchor dropped the price for his sprawling DC home, but it still could set a... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro