2.79%: Mortgage Rates Rise From Record Lows
✉️ Want to forward this article? Click here.
Are the days of record low mortgage rates a thing of the past?
On Thursday, Freddie Mac reported 2.79% as the average on a 30-year fixed rate mortgage, a significant jump from the record low of 2.65% where rates started the year.
story continues below
loading...story continues above
“As Treasury yields have risen, it is putting pressure on mortgage rates to move up,” Freddie Mac's Sam Khater said in a release. “While mortgage rates are expected to increase modestly in 2021, they will remain inarguably low, supporting homebuyer demand and leading to continued refinance 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: interest rates, mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/279-mortgage-rates-rise-from-record-lows/17759.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
The new project is just the latest affordable development to move forward in DC.... read »
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
The new plans for the development along 11th Street continue to move forward.... read »
In the spring of 2023, the Arlington County Board voted unanimously to approve allowi... read »
- Understanding Rental Restrictions in Condominiums
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- Plans Filed For 65-Unit Affordable Development In U Street Corridor
- Court Decision Overturns Missing Middle Ordinance in Arlington
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