3.39: Rates Drop Slightly
✉️ Want to forward this article? Click here.
![3.39: Rates Drop Slightly: Figure 1](https://assets.urbanturf.com/dc/images/blog/2012/10/rates_101112_280x210.png)
Mortgage rates stayed close to record lows this week.
This morning, Freddie Mac reported 3.39 percent with an average 0.7 point as the average on a 30-year fixed-rate mortgage, dropping slightly from last week’s average of 3.41. Rates reached a record low of 3.36 in the first week of October.
From Freddie Mac vice president and chief economist Frank Nothaft:
Mortgage rates remained relatively unchanged this week on signs of a growing economy and low inflation. The economy grew 2.0 percent in the third quarter with residential fixed investment contributing 0.3 percentage points to growth.
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.
Here’s a look at the path of rates since January 2010:
![3.39: Rates Drop Slightly: Figure 2](https://assets.urbanturf.com/dc/images/blog/2012/10/rates_110112.png)
See other articles related to: mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/3.39_rates_drop_slightly/6241.
Most Popular... This Week • Last 30 Days • Ever
![A Look at What is Covered By Home Insurance](https://assets.urbanturf.com/dc/images/blog/2023/03/resized/FLOOD-DC550_image_560x420.jpeg)
Today, we take a closer look at home insurance.... read »
![235-Unit Development With Public Park Pitched For Downtown Bethesda Looks To Move Forward](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/lot-25_image_560x420.png)
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
![A Snapshot Of Apartment Rents Across The DC Area](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/rent-thumb_image_560x420.jpg)
A new report shows that apartment rents rose ever so slightly in DC over the last yea... read »
![The 5 Zip Codes in the Maryland Suburbs With the Highest Home Price Appreciation in 2024](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/beth-bung_image_560x420.jpg)
UrbanTurf is taking its semi-regular look at the areas around DC that have seen the h... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/oxman-eden-conceptual-skyscraper_dezeen_2364_hero-1704x959%20copy_image_560x420.jpg)
The near-term future for DC's Uptown Theater; an OpenAI lease; changing gears at Walt... 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