What's Hot: Redevelopment Plans Could Be In Works for Courthouse Building | UrbanTurf's Buying and Selling 101
Mortgage Rates Above 4 Percent For First Time Since October

For the first time since October 2011, long-term mortgage rates are back above 4 percent.
This morning, Freddie Mac reported 4.08 percent with an average 0.8 point as the average on a 30-year fixed mortgage. In light of positive economic news, rates began to move back up last week, when they reached 3.92. Two weeks ago, average rates were at 3.88 percent.
From Freddie Mac vice president and chief economist Frank Nothaft:
Bond yields rose over the past two weeks in part due to an improving assessment of the state of the economy by the Federal Reserve, better than expected results of commercial bank stress tests and the likelihood of a second bailout for Greece. Meanwhile, consumers continued to reduce their debt burdens in the fourth quarter of 2011.
Here’s a look at the path of rates since last January:

See other articles related to: freddie mac, interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_rates_above_4_percent_for_the_first_time_since_october/5319.
Most Popular... This Week • Last 30 Days • Ever

When sellers haven't quite lined up their next house before their settlement date com... read »

In this edition of First-Timer Primer, we look into the question of how to determine ... read »

The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »

Here's what you need to know about reporting profit made from the sale of your home.... read »

A Roth IRA is one of those accounts that people feel is totally off limits until you ... 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. 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