Mortgage Rates Hover Around 4 Percent
✉️ Want to forward this article? Click here.
Mortgage rates are still settling around 4 percent, according to Freddie Mac, which reported 4.01 percent with an average 0.5 point as the average on a 30-year fixed-rate mortgage this morning. That’s a very slight drop from last week’s 4.02 percent, but down quite a bit from the November 2013 average of 4.35 percent.
Mixed economic data were behind the stagnant rates, according to Freddie Mac’s chief economist Frank Nothaft.
“Fixed mortgage rates were slightly down on mixed results from October’s employment report,” he said in a news release. “While the unemployment rate declined to 5.8 percent, nonfarm employment rose by 214,000 jobs, which was below consensus expectations. Net revisions for payroll employment in August and September added 31,000 more jobs to the initial readings.”
UrbanTurf is following the path of the rates in this chart:
See other articles related to: mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/4.01_mortgage_rates_hover_around_4_percent/9217.
Most Popular... This Week • Last 30 Days • Ever
On Monday, the listing price for the 30,000 square foot home that was originally buil... read »
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
This week’s Best New Listings includes a bi-level condo north of Adams Morgan's mai... read »
- The Price For Dan Snyder's Former Potomac Home Drops By $5 Million
- How Does a Mortgage Rate Buydown Work?
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Best New Listings: Windows Galore on Biltmore; One Up, One Down on Swann
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