3.93: Mortgage Rates Tick Up Slightly
✉️ Want to forward this article? Click here.
Mortgage rates continue to hover below 4 percent this week, but are up slightly from last week’s 19-month-low, Freddie Mac said Thursday.
Rates on a 30-year fixed-rate mortgage averaged 3.93 percent with an average 0.5 point this week, up from last week’s 3.89 percent but still lower than a year ago, when rates averaged 4.42 percent.
Freddie Mac’s chief economist Frank Nothaft said in a news release that the increase was due to positive signs in employment data.
“The rate rise comes on the heels of an uplifting jobs report showing nonfarm payrolls adding 321,000 new jobs in November — 91,000 more jobs than expected,” he said. “The unemployment rate remained unchanged at 5.8 percent.”
UrbanTurf is following the path of the 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: mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/3.93_mortgage_rates_tick_up_slightly/9333.
Most Popular... This Week • Last 30 Days • Ever
The beautiful four-story property, with three renovated units offering more than $200... read »
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 »
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 »
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
- Understanding Rental Restrictions in Condominiums
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- 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