Mortgage Rates Head Back Up to 5.5%
✉️ Want to forward this article? Click here.
Long-term interest rates headed back up this week.
Freddie Mac reported 5.51% with an average 0.8 point on Thursday, up 21 basis points compared to last week. A year ago at this time, rates were below 3%.
story continues below
loading...story continues above
“Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags,” Freddie Mac's Sam Khater said in a statement. “With rates the highest in over a decade, home prices at escalated levels, and inflation continuing to impact consumers, affordability remains the main obstacle to homeownership for many Americans.”
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: interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-head-back-up-to-55/19877.
Most Popular... This Week • Last 30 Days • Ever

In this article, UrbanTurf will explore some of the more common methods that parents ... read »

The development pipeline in the Tenleytown and AU Park neighborhoods has dwindled in ... read »

A large new apartment project is in the works for the Long Branch section of Silver S... read »

The housing market is off to a slow start this year.... read »

Long-term rates have now fallen incrementally for the last few weeks.... read »
- How Can Parents Transfer Real Estate to Their Children?
- Stalled Or Full Steam Ahead: The 3 Developments In The Tenleytown and AU Park Pipeline
- 148-Unit Double Winged Apartment Building Pitched In Silver Spring
- Slow Start: DC-Area Home Buyers, Sellers Cautious To Start 2025
- Mortgage Rates Inch Down For 4th Week In A Row
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