Mortgage Rates Hit Highest Level Since Last October
✉️ Want to forward this article? Click here.
Mortgage rates rose this week after a brief lull in early July.
The average rate on a 30-year fixed-rate mortgage is 4.09 percent with an average 0.6 point, Freddie Mac announced Thursday morning. This is the highest that rates have been since October 2014.
story continues below
loading...story continues above
While this is the highest that rates have been in eight months, it is important to remember that 4.09 was a record low back in September 2011.
According to Sean Becketti, chief economist at Freddie Mac, global economic issues continue to impact rates in the U.S. “The crisis in Greece continues to generate volatility in U.S. Treasury yields,” he said.
UrbanTurf is following the trajectory of 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/4.09_mortgage_rates_back_on_the_rise/10129.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf is re-publishing an article with updated links that is a step-by-step way t... read »
The DC Council passed a bill on Tuesday that could bring thousands of new electric ca... read »
Development along the Maryland side of the Rhode Island Avenue corridor continues to ... read »
MRP Realty and Florida Rock have plans in the works for two large new residential bui... read »
The big residential plans in the works for the hotel site are changing a bit as the r... read »
- How to Obtain a Basic Business License For Your DC Rental
- DC Council Passes Bill That Would Bring Thousands Of New EV Stations To The City
- The 3,000 Units in the Works From Route 1 to Hyattsville
- Plans For 600 Apartments Next To Nats Park Heads To Zoning Commission
- 630 to 570 Units: A Slight Change Of Plans For Arlington's Americana Hotel Development
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