What's Hot: 11th Street Bridge Park on Track for Completion in 2024 | No Smoking, Please: Virginia May Make it Easier to Ban Smoking in Condo Units
Mortgage Rate Head Towards 2015 Lows

Long-term mortgage rates continue to head towards levels not seen since early 2015.
The average rate on a 30-year fixed-rate mortgage was 3.65 percent this week, Freddie Mac reported on Thursday. That’s down from 3.72 last week and the sixth week in a row that rates have dropped. Rates haven’t been this low since February 2015.
“In a falling rate environment, mortgage rates often adjust more slowly than capital market rates, and the early-2016 flight-to-quality has run true to form,” Freddie Mac’s Sean Becketti said in a release. “The 30-year mortgage rate has dropped 36 basis points since the start of the year, while the yield on the 10-year Treasury has dropped 59 basis points over the same period. If Treasury yields were to hold at current levels, mortgage rates might well sink a little further before stabilizing.”
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.
This article originally published at http://dc.urbanturf.com/articles/blog/mortgage_rate_head_towards_2015_lows/10864
Most Popular... This Week • Last 30 Days • Ever

UrbanTurf is re-running its primer on property taxes which outlines a few things that... read »

Today, UrbanTurf looks at where homes were selling in less than a week in January. ... read »

The 11th Street Bridge Park project is progressing through the approval process.... read »

Another 30-day public comment period is currently underway.... read »

Another Shaw church has development plans on the boards.... read »
- The 5 Things To Know About DC Property Taxes
- Six Days or Less: The DC Neighborhoods Where Homes Flew Off the Market in January
- 11th Street Bridge Park on Track for Completion in 2024
- DCRA Releases Revised Short-Term Rental Regulations For DC
- A Church-Led Residential Development on the Boards in Shaw
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