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
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
Kite House at The Parks at Walter Reed sold seven residences in September alone. The ... read »
A look at the many reasons that prospective homebuyers seeing varying quotes for a 30... read »
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- A No Down Payment Assistance Program at Kite House, DC’s Best Selling Condominium
- Why Am I Seeing Different Rates For A 30-Year Mortgage?
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