6.27%: Mortgage Rates Drop for 5th Straight Week
✉️ Want to forward this article? Click here.
Long-term mortgage rates continued their decline on Thursday, dropping for the fifth straight week.
Freddie Mac reported 6.27% as the average on a 30-year mortgage, down one basis points compared to last week.
story continues below
story continues above
“Incoming data suggest inflation remains well above the desired level but showing signs of deceleration,” Sam Khater, Freddie Mac’s Chief Economist, said in a release. "These trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers as the housing market hits its peak in the spring and summer.”
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: interest rates, mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/627_mortgage_rates_drop_for_5th_straight_week/20904.
Most Popular... This Week • Last 30 Days • Ever

A new Zillow report finds that home values and rents around the country rose twice as... read »

Today, UrbanTurf is taking a look at the tax benefits associated with buying a home t... read »

A new Bright MLS dashboard finds that there was an uptick in new listings coming onli... read »

With three new buildings delivering last year and at the beginning of 2025, the new d... read »

Penzance, in partnership with The Baupost Group, has plans in the works for One Rossl... read »
- How Much Home Prices And Rents In The DC Area Have Risen Since The Pandemic
- A Look At The Tax Benefits of Buying a Home Through a Trust
- DOGE Housing Tracker: New Listings Rise In DC Area Over Last Week
- The Nearly 3,000 Units Still In The Works At Buzzard Point
- 850 New Units Along Rosslyn Skyline Look To Move 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