What's Hot: North of $700: The Highest Prices Per Square Foot in DC | A Collective of Missing Middle Housing in Anacostia
Mortgage Rates Dip Back Below 4%
Mortgage rates dropped back below 4% this week.
Freddie Mac reported 3.96 percent with an average 0.6 point as the average for a 30-year mortgage today, a 7 basis point drop from last week.
story continues below
loading...story continues above
“Continued economic uncertainty and weak inflation data pushed rates lower this week,” Freddie Mac’s Sean Becketti said in a release. “The 10-year Treasury yield fell 5 basis points this week. The 30-year mortgage rate moved with Treasury yields, dropping 7 basis points to 3.96 percent.”
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 https://dc.urbanturf.com/articles/blog/mortgage_rates_dip_back_below_4/12816
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
After an appeal was dismissed, JBG SMITH and Gallaudet University are moving forward ... read »
The tropical storm affecting the DC area today reinforces the importance of flood ins... read »
The neighborhood is seeing delivery of its first wave of new residential units, and a... read »
Higher Black homeownership rates have not made DC immune to mortgage denial dispariti... read »
The coronavirus pandemic has changed the plans a bit .... read »
- 836 Units to Gallaudet: Massive University Redevelopment Moves Forward
- A Guide to Flood Insurance in the DC Area
- The 1,000 Residential Units Delivering in Buzzard Point This Year
- Black Mortgage Applicants in DC Denied at Double Citywide Rate
- More Residential, Less Hotel: A Change Pitched For One of Rosslyn's Largest Developments
