4.6%: Another Week, Another 2011 Interest Rate Low
✉️ Want to forward this article? Click here.
For the sixth week in a row, long-term mortgage rates headed downward. This morning, Freddie Mac reported 4.6 percent with 0.7 of a point as the average on a 30-year fixed-rate mortgage, down from 4.61 percent last week. Freddie Mac vice president and chief economist Frank Nothaft attributed the drop in rates to “reports of slower economic activity.”
In related news, earlier this week it was reported that new home sales rose in April for the second straight month. New homes sold at a seasonally adjusted annual rate of 323,000 last month, according to the Census Bureau, up 7.3 percent from March. While the two-month in a row increase in sales is optimistic news, sales were down 23.1 percent compared to April 2010 when the first-time home buyer credit was in effect.
Here’s a look at the path of mortgage rates since last January:
See other articles related to: freddie mac, interest rates, mortgage rates, new home sales
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/4.6_another_week_another_2011_interest_rate_low/3556.
Most Popular... This Week • Last 30 Days • Ever
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
Today, we take a closer look at home insurance.... read »
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
A new report shows that apartment rents rose ever so slightly in DC over the last yea... read »
UrbanTurf is taking its semi-regular look at the areas around DC that have seen the h... read »
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- A Look at What is Covered By Home Insurance
- 235-Unit Development With Public Park Pitched For Downtown Bethesda Looks To Move Forward
- A Snapshot Of Apartment Rents Across The DC Area
- The 5 Zip Codes in the Maryland Suburbs With the Highest Home Price Appreciation in 2024
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