4.10: Mortgage Rates Change Little
✉️ Want to forward this article? Click here.
Mortgage rates held steady for the second consecutive week following mixed consumer confidence and housing data. Freddie Mac reported 4.10 with an average 0.8 of a point as the average on 30-year fixed mortgages. After hitting an all-time low three weeks ago, rates remain near 60-year lows, dropping ever so slightly from last week’s 4.11 percent.
From Frank Nothaft, Freddie Mac’s chief economist:
The latest monthly housing market indicators were mixed, with consumer confidence soft, house prices largely flat, and new home sales up from very low levels.Consumer confidence fell below the market consensus forecast in October to the lowest reading since March 2009, according to The Conference Board…new home sales increased 5.7 percent in September to the strongest pace since April.
Here’s a look at the path of rates since last January:
See other articles related to: freddie mac, interest rates, mortgage rates, mortgages
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/4.10_mortgage_rates_change_little/4456.
Most Popular... This Week • Last 30 Days • Ever
Forest Hills Connection is reporting that the owner of the Days Inn along Connecticut... read »
On Monday, the listing price for the 30,000 square foot home that was originally buil... read »
The 67-room luxury hotel will be located at 3000 M Street NW, the site of the old Lat... read »
The eight-bedroom estate built by Banks Development along Chain Bridge Road will be l... read »
DC's Historic Preservation Review Board looks poised to approve changes for one of th... read »
- A Plan For More Development In Van Ness?
- The Price For Dan Snyder's Former Potomac Home Drops By $5 Million
- Jose Andres Group Partners On New Georgetown Hotel
- DC Home At Site Of Former Cafritz Mansion Set To List For $23.5 Million
- HPO Recommends Approval For Changes To 280-Unit Building At DC's Reservoir District
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