What's Hot: The 9 Developments and 1,250 Units in the Works For Shaw | Summer Ready With Quick Move-In Homes at Brookland Grove
Mortgage Rates Drop For 4th Week in a Row
Long-term mortgage rates have now been falling for four weeks in a row.
Freddie Mac reported 6.28% as the average on a 30-year mortgage, down four basis points compared to last week. Rates are now about fifty basis points lower than they were about a month ago.
story continues belowloading...
story continues above
“Mortgage rates continue to trend down entering the traditional spring homebuying season,” Sam Khater, Freddie Mac’s Chief Economist, said in a release. “Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers.”
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_drop_for_4th_week_in_a_row/20877.
Most Popular... This Week • Last 30 Days • Ever
A piece of legislation quietly introduced in the House of Representatives earlier thi... read »
LEGO lovers will likely be first in line for the National Building Museum's latest ex... read »
If a neighborhood is filled largely with single-family homes, chances are the market ... read »
A look at the larger residential developments in the works from Cardozo to Mount Vern... read »
Airbnb's party crackdown; the return of Adams Morgan; the resurgence of Cleveland Par... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
The residential projects that have sprouted up on the Maryland and DC sides of the Fr... read »
With a groundbreaking ceremony on Wednesday, the redevelopment of the Georgetown Wes... read »
The 23,600 square-foot mansion just hit the market, and would set a record if it fetc... read »
The immaculately kept 100-year-old house features six bedrooms and four-and-a-half ba... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- Mall Conversions, Trader Joes? The 1,500 Units in the Friendship Heights Pipeline
- The Four Seasons Private Residences in Georgetown Break Ground
- DC's Blaine Mansion Lists For $30 Million, A Potentially Record-Setting Price in the City
- Now Selling: A 16th Street Heights Victorian on an Island of Its Own
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro