Long-term mortgage rates haven't moved much since late June.
After a year or two of hitting a new record low almost weekly, the rate for a 30-year mortgage has hovered between 2.8% and 2.9% for almost three months. Since early August, rates have been within one basis point of 2.87%.
“The slowdown in economic growth around the world has caused a flight to the quality of the U.S. financial markets,” Freddie Mac's Chief Economist Sam Khater, said last week. “This has led to a rise in foreign investor purchases of U.S. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services."
Rates are expected to stay flat for the coming weeks, but there is some thinking that things could get a little more volatile based on what the September jobs report reveals in mid-October and what happens with the debt ceiling debate.
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-have-been-flats-for-months/18751.
Most Popular... This Week • Last 30 Days • Ever
The development for four parcels at The Yards from Brookfield Properties and the Menk... read »
Plans for the New York-based eatery appear to be moving forward.... read »
EDENS filed a planned unit development for a two-building residential development tha... read »
One of the more prominent features of the project will be a public plaza that will ru... read »
Foxhall is a DC neighborhood bordered by Reservoir Road, Foxhall Road, Glover Park, a... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
As home buyers get the itch to look for a home and start to venture out to open house... read »
The development will replace the 44,700 square-foot retail structure that was previou... read »
The concept includes 14 lanes for bowling, a 1,200 person concert venue, a craft bar ... read »
The zip codes that are home to Brentwood, Takoma Park and sections of Hyattsville top... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... 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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro