What's Hot: The 5 Zip Codes in the Maryland Suburbs With the Highest Home Price Appreciation in 2024
4.49%: How Low Will Mortgage Rates Go?
✉️ Want to forward this article? Click here.
This morning, long-term mortgage rates fell again, as Freddie Mac reported 4.49 percent with 0.7 of a point as the average on a 30-year fixed-rate mortgage. It is the eighth week in a row that rates have dropped.
The drop in rates was attributed to weaker than expected job growth. From a statement by Freddie Mac vice president and chief economist Frank Nothaft:
“Long-term Treasury yields moved lower following a weak jobs report and mortgage rates followed suit. The economy added 54,000 jobs in May, the fewest in eight months, and factories cut payrolls for the first time in seven months. The housing market continues to remain fragile as well.”
Here’s a look at the path of mortgage rates since last January:
See other articles related to: freddie mac, interest rates, mortgage rates, unemployment
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/4.49_how_low_will_mortgage_rates_go/3628.
Most Popular... This Week • Last 30 Days • Ever
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
Today, we take a closer look at home insurance.... read »
The new project is just the latest affordable development to move forward in DC.... read »
The beautiful four-story property, with three renovated units offering more than $200... read »
Crescent Communities and the Rockefeller Group have submitted a site plan application... read »
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- A Look at What is Covered By Home Insurance
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
- 530-Unit Development Pitched For Hotel Pentagon Site Moves Forward
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