Mortgage Rates Hover Just Above Record Lows
✉️ Want to forward this article? Click here.
Mortgage rates dropped again this week and are now right above record low levels.
Today, Freddie Mac reported 3.31 percent with an average 0.7 point as the average for a 30-year mortgage. Rates are now just two basis points above the record low of 3.29%.
story continues below
loading...story continues above
“Mortgage rates continue to hover near all-time lows for the third straight week. As a result, refinance activity remains high, but home purchase demand is weak due to economic tightening,” Freddie Mac's Sam Khater said in a release.
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-hover-just-above-record-lows/16725.
Most Popular... This Week • Last 30 Days • Ever
Post Brothers purchased the building at 2100 M Street last year.... read »
The new residential project would take the place of largely vacant office buildings a... read »
This 5,000 square-foot listing is about as close as the city comes to a property that... read »
Back in July, we wondered if the housing market in the DC region was moving in favor ... read »
Mount Pleasant restaurant gets national acclaim; signs of good things in the DC-area ... 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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro