4.6%: Mortgage Rates Continue to Rise
✉️ Want to forward this article? Click here.
Long-term mortgage rates rose again this week, as Freddie Mac reported that the average on a 30-year fixed-rate mortgage increased to 4.6 percent with 0.7 of a point, up from 4.51 percent last week. While rates increased ever so slightly last week from the previous week (4.5 to 4.51 percent), this week’s rise was the largest in about nine weeks as rates followed treasury yields higher.
However, despite the increase, rates remain historically low. To put today’s long-term rate in perspective, if you were to buy a $499,000 home today using conventional financing (assuming 20 percent down) versus April 201 (when long-term rates were 5.21 percent), you are looking at a monthly savings of about $150.
Here’s a look at the path of rates since last January:
See other articles related to: freddie mac, interest rates, mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/4.6_mortgage_rates_continue_to_rise/3769.
Most Popular... This Week • Last 30 Days • Ever
Forest Hills Connection is reporting that the owner of the Days Inn along Connecticut... read »
The 67-room luxury hotel will be located at 3000 M Street NW, the site of the old Lat... read »
On Monday, the listing price for the 30,000 square foot home that was originally buil... 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?
- Jose Andres Group Partners On New Georgetown Hotel
- The Price For Dan Snyder's Former Potomac Home Drops By $5 Million
- 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