Mortgage Rates Shoot Up, Approach 4.5%
Long-term mortgage rates shot up again this week.
Freddie Mac reported 4.42 percent with an average 0.8 point today, up 26 basis points compared to last week. Long-term rates have now risen almost 60 basis points in just two weeks.
story continues below
loading...story continues above
“Rising inflation, escalating geopolitical uncertainty and the Federal Reserve’s actions are driving rates higher and weakening consumers’ purchasing power," Freddie Mac's Sam Khater said in a statement. "In short, the rise in mortgage rates, combined with continued house price appreciation, is increasing monthly mortgage payments and quickly affecting homebuyers’ ability to keep up with the market.”
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-shoot-up-approach-45/19436.
Most Popular... This Week • Last 30 Days • Ever

This week's Best New Listings includes an expansive three-building property in Maryla... read »

UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »

As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »

Prices in Wesley Heights, a DC neighborhood to the south of Spring Valley bordered by... read »

Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »
- Best New Listings: Three Buildings in Maryland, Two Bedrooms in Dupont and Views in Logan
- The Nearly 750 Projects in UrbanTurf's Pipeline
- The 8 Large Developments on the Boards From Anacostia to the Bridge District
- The DC Neighborhood Where Home Prices Have Risen The Most in 2023
- The Difference Between Condos and Co-ops
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