Mortgage Rates Hit Highest Level in Three Months
✉️ Want to forward this article? Click here.
Mortgage rates hit their highest level since July this week.
Freddie Mac reported 3.94 percent with an average 0.5 point as the average for a 30-year mortgage on Thursday, rising six basis points from last week.
story continues below
story continues above
“The 10-year Treasury yield surged this week, jumping 12 basis points,” Freddie Mac’s Sean Becketti said in a release. “The 30-year mortgage rate followed suit, increasing 6 basis points to 3.94 percent. Today’s survey rate is the highest rate in three months.”
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_hit_highest_level_in_three_months/13183.
Most Popular... This Week • Last 30 Days • Ever
This article will delve into how online home valuation calculators work and what algo... read »
As the redevelopment of the Friendship Heights mall nears completion, new images have... read »
Today, UrbanTurf is taking a look at what we think will be the three metrics that wil... read »
Monument Realty has filed plans for a new development on Eye Street that will deliver... read »
Elon Musk could be taking over The Line hotel; the new Oval Office; and the $1,000 tr... 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