What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
4.32: Mortgage Rates Stay Mostly Flat
✉️ Want to forward this article? Click here.
Mortgage rates edged down 0.05 percent this week after last week’s upward shift.
On Thursday morning, Freddie Mac reported 4.32 percent with an average 0.6 point as the average on a 30-year fixed-rate mortgage, down slightly from 4.37 percent last week. Rates had risen to the 4.37 high after a slight dip in early March. The rate was 3.54 percent a year ago.
Frank Nothaft, Freddie Mac’s chief economist, said the slight shift was likely due to the below-forecasted performance of housing starts, an economic indicator that tracks the number of new homes under construction.
“Mortgage rates eased this week as housing starts declined 0.2 percent in February to a seasonally adjusted annual rate of 907,000, below consensus forecast. The rate on the 10-year treasury note rose following the Fed’s announcement Wednesday afternoon and, if this holds, interest rates may begin to trend higher going into next week.”
UrbanTurf is tracking housing rates in this handy graphic:
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: freddie mac, mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/4.32_mortgage_rates_stay_mostly_flat/8261.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... 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 »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- 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
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
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