What's Hot: The Grass House in Anacostia | 6.13%: Mortgage Rates Fall Again
Mortgage Demand Jumps As Rates Fall to Lowest Level in Months
Demand for mortgages popped over the last week as long-term interest rates fell to their lowest level in several months.
Mortgage application volume jumped 28% week-over-week, the Mortgage Bankers Association (MBA) reported on Wednesday. Both refinance and purchase activity increased by double-digit percentages.
story continues below
loading...story continues above
“Mortgage rates are now at their lowest level since September 2022, and about a percentage point below the peak mortgage rate last fall," MBA chief economist Mike Fratantoni said in a release. "As we enter the beginning of the spring buying season, lower mortgage rates and more homes on the market will help affordability for first-time homebuyers.”
On Thursday, Freddie Mac will release its weekly interest rates, so it will be interesting to see if rates continue to fall.
See other articles related to: mortgage demand, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_demand_jumps_as_rates_fall_to_lowest_level_in_months/20512.
Most Popular... This Week • Last 30 Days • Ever

There are two new proposals to redevelop the center at 14th and U Streets NW that are... read »

Dupont Circle’s Swann House, a former 15-bedroom bed and breakfast, will be listed ... read »

A recent build in Anacostia made history as the first code-compliant bamboo building ... read »

The recently-filed amendment would help move redevelopment of a police and fire stati... read »

A recent filing with DC indicates that a large new residential development in Glover ... read »
- Apartments, Amphitheaters, and Dave Chapelle: The Revised Proposals For DC's Reeves Center
- One of Dupont Circle's Oldest Mansions to Hit the Market
- The Week's Find: The Grass House in Anacostia
- Map Amendment Could Pave Way For Big U Street Redevelopment
- PUD Modification Filed For 256-Unit Project Planned in Glover Park
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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro