Mortgage Rates Tick Up
✉️ Want to forward this article? Click here.
For the second week in a row, long-term mortgage rates ticked up slightly.
On Thursday, Freddie Mac reported 6.66% as the average on a 30-year mortgage, up 4 basis points from last week.
story continues below
story continues above
“Mortgage rates have not moved materially over the last three weeks and remain in the mid-six percent range, which has marginally increased homebuyer demand,” said Sam Khater, Freddie Mac’s Chief Economist. “Even this slight uptick in demand, combined with inventory that remains tight, continues to cause prices to rise faster than incomes, meaning affordability remains a major headwind for buyers. Potential homebuyers should look closely at existing state and local resources, such as down payment assistance programs, which can considerably help defray closing costs.”
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_tick_up/21850.
Most Popular... This Week • Last 30 Days • Ever

This week’s Best New Listings includes two homes over 100 years old -- one in Hyatt... read »

In this article, UrbanTurf will explain what special assessments are, how they work, ... read »

The huge DC news of the week is that the Washington Commanders are going to build a n... read »

Today, UrbanTurf checks in on the status of the development pipeline over in Congress... read »

This morning, Mayor Muriel Bowser and the Commanders will announce that a deal has be... read »
- Best New Listings: A Victorian In Hyattsville; A Wardman In Mt. Pleasant
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Where Will The 6,000 Homes Be Built Around DC's New Football Stadium?
- St. E's And More: A Look At The Congress Heights Residential Pipeline
- DC To Announce RFK Stadium Deal With Commanders
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