3.79: Rates Below Four Percent For Three Months

Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 3.79 percent this week with an average 0.6 point. Rates have now been below 4 percent for three months.
Sean Becketti, chief economist at Freddie Mac, said the lower rate can be attributed to the comments of Daniel Tarullo, governor at the Federal Reserve. Tarullo became the second governor from the Treasury’s Board of Governors to dissent with Fed Chairwoman Janet Yellen and state that the benchmark interest rate shouldn’t be raised last week.
“Following Federal Reserve Governor Daniel Tarullo’s remarks last week Treasury yields dipped,” Becketti said. “In response, 30-year mortgage rates fell 3 basis points this week to 3.79 percent. The housing market continues to benefit from low mortgage rates, with housing starts for September beating expectations and the NAHB’s Housing Market index registering a ten year high in October.”
UrbanTurf is following the trajectory of rates in this chart:

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: treasury, mortgage rates
This article originally published at http://dc.urbanturf.com/articles/blog/rates_inch_lower_treasury_dissent/10494
Most Popular... This Week • Last 30 Days • Ever

A look around DC to see where home sellers are dropping their prices.... read »

The grocer has announced plans for other stores in Skyland and Columbia Heights.... read »

The new five-level residential project is planned for the buildings at 1365-1375 H St... read »

The new store will open at 9am on July 13 at the City Ridge development.... read »

Federal Realty Investment Trust has submitted preliminary plans to the Montgomery Cou... read »
- Where Are Home Sellers Dropping Their Prices in DC?
- Lidl to Open Its Third DC Location at New 700-Unit Tenleytown Development
- A 50-Unit Development is Pitched For Recognizable Buildings Along H Street
- DC's First Wegmans Store Will Open in July
- A Two-Phase, 500-Unit Development with Urban Park Pitched For North of Pike and Rose
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