Mortgage Rates Have Dropped 40 Points Since The Start of 2016
Rates on a 30-year fixed-rate mortgage have been dropping since the beginning of the year, and that decline continued this week.
On Thursday, rates fell to 3.62 percent. Rates have now dropped from 4.01 percent since the beginning of this year.
“Yields on the 10-year Treasury continued their downward trend this week after a small rally the previous two weeks,” Freddie Mac’s Sean Becketti said in a release. “The 30-year mortgage responded, falling 3 basis points to 3.62 percent. Since the beginning of 2016, 30-year rates have fallen almost 40 basis points helping housing markets sustain their momentum into this year.”
story continues below
loading...story continues above
UrbanTurf has been following the trajectory of rates since 2010:
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_have_dropped_40_points_since_the_start_of_2016/10917.
Most Popular... This Week • Last 30 Days • Ever
It has been a good start to the year for high-priced homes in the DC region.... read »
Roadside Development filed a sketch plan with Montgomery County this month for the 30... read »
The Matthew is located on 9th Street, overlooking the iconic Naylor Court and neighbo... read »
Dan Snyder donates house to charity; DC records priciest building sale since 2022; an... read »
This week's Best New Listings include an award-winning craftsman, a condo in a former... 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. 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