The Rise in Interest Rates Continues
✉️ Want to forward this article? Click here.
Long-term interest rates continued rising this week, but they are not increasing quite as fast as previous weeks.
Freddie Mac reported 5.81% with an average 0.9 point today, up just 3 basis points compared to last week.
story continues below
story continues above
“The combination of rising rates and high home prices is the likely driver of recent declines in existing home sales," Freddie Mac's Sam Khater said in a statement. "However, in reality many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity.”
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: freddie mac, interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/the-rise-in-interest-rates-continues/19805.
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 »
Two and a half years after breaking ground, the massive project in the works for seve... read »
There are a growing number of areas around DC where homebuyers are paying at least $1... read »
Today, UrbanTurf is taking a look at what we think will be the three metrics that wil... 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