Mortgage Rates Rise to 4.67%
✉️ Want to forward this article? Click here.
Long-term mortgage rates rose again this week, and now exceed 4.5%.
Freddie Mac reported 4.67 percent with an average 0.8 point today, up 25 basis points compared to last week. Long-term rates have now risen almost 90 basis points in just three weeks.
story continues below
loading...story continues above
“Mortgage rates continued moving upward in the face of rapidly rising inflation as well as the prospect of strong demand for goods and ongoing supply disruptions,” Freddie Mac's Sam Khater said in a statement. “Purchase demand has weakened modestly but has continued to outpace expectations. This is largely due to unmet demand from first-time homebuyers as well as a select few who had been waiting for rates to hit a cyclical low.”
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
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-rise-to-467/19464.
Most Popular... This Week • Last 30 Days • Ever
As the redevelopment of the Mazza Gallerie mall in Friendship Heights heads towards c... read »
One of the critical factors in determining whether refinancing is a wise decision is ... read »
The one-of-a-kind residence was built out of two expansive classrooms, an office, two... read »
The university and developer Greystar have filed plans with DC for the new Fusion Bui... read »
Sentinel Real Estate filed a revised conceptual site plan application this week to re... read »
- Total Wine Coming To Friendship Heights
- What Is The Best Spread To Refinance Your Mortgage?
- 13 Foot Ceilings, 5,800 Square Feet in a Historic Schoolhouse: A Rare DC Loft Hits the Market
- A First Look At The Big Plans For Howard's Wonder Plaza
- 256-Unit Project Proposed to Replace Rosslyn Buildings Moves Forward
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