What's Hot: The Only True Waterfront Residences in DC? | Indoor/Outdoor Restaurant From Seven Reasons Chef Coming to HQ2
Mortgage Rates Drop to New Low for 2017
A few weeks ago, we reported that mortgage rates had dropped below 4 percent and were likely to go lower. This week, they did just that.
Freddie Mac reported 3.88 percent with an average 0.5 point as the average for a 30-year mortgage today, a new low for 2017. But today’s drop doesn’t mean that rates will stay low.
story continues below
loading...story continues above
“The 30-year mortgage rate fell 2 basis points to 3.88 percent this week,” Freddie Mac’s Sean Becketti said in a release. “However, the majority of our survey was conducted prior to Tuesday’s sell-off in the bond market which drove Treasury yields higher. Mortgage rates may increase in next week’s survey if Treasury yields continue to rise.”
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_rates_drop_to_new_low_for_2017/12748
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
The Brooks—a collection of 89 elegantly appointed condominiums at The Parks at Walt... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
- The Only Available Condominiums at The Parks Are Now Over 65 Percent Sold
- The Return of the Uptown Theater is Imminent
- A New Residential Project in Georgetown Would Sit Right on the River's Edge
- The Next Phase of Capitol Crossing Looks to Get Key Approval
- 35 High: DC Has Third Highest Crane Total For a U.S. City
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
