6.39%: Mortgage Rates Head Back Up
✉️ Want to forward this article? Click here.
For the first time in six weeks, long-term mortgage rates headed back up today.
Freddie Mac reported 6.39% as the average on a 30-year mortgage on Thursday, up 12 basis points compared to last week.
story continues below
loading...story continues above
“Home prices have stabilized somewhat, but with supply tight and rates stuck above six percent, affordable housing continues to be a serious issue for many potential homebuyers," Sam Khater, Freddie Mac’s Chief Economist, said in a release. "Unless rates drop into the mid five percent range, demand will only modestly recover.”
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 rate, mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/639_mortgage_rates_head_back_up/20931.
Most Popular... This Week • Last 30 Days • Ever
The nearly 12,000 square-foot McLean house of the former Washington Nationals pitcher... read »
This article discusses the variety of rental restrictions that may exist in condomini... read »
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 »
The eight-bedroom estate built by Banks Development along Chain Bridge Road will be l... read »
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