Mortgage Rates Drop to Start 2019
✉️ Want to forward this article? Click here.
Long-term mortgage rates started out the year by falling to their lowest level in four months.
Freddie Mac reported 4.51 percent with an average 0.5 point on long-term mortgage rates, a 5 basis point drop from last week. Last year at this time, rates were averaging 3.95 percent.
story continues below
loading...story continues above
"Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy," Freddie Mac chief economist Sam Khater said in a statement. "However, it will be interesting to see how the recent turmoil in the stock market will affect homebuying activity in the coming months.”
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: freddie mac, interest rates, mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage-rates-drop-to-start-2019/14841.
Most Popular... This Week • Last 30 Days • Ever
![Understanding Rental Restrictions in Condominiums](https://assets.urbanturf.com/dc/images/blog/2023/09/resized/condo-restrict_image_560x420.jpeg)
This article discusses the variety of rental restrictions that may exist in condomini... read »
![11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/471-H_image_560x420.jpg)
The new project is just the latest affordable development to move forward in DC.... read »
![Plans Filed For 65-Unit Affordable Development In U Street Corridor](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/10th-V_image_560x420.jpg)
The new plans for the development along 11th Street continue to move forward.... read »
![Court Decision Overturns Missing Middle Ordinance in Arlington](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/sfh-mmh-op1200_image_560x420.jpeg)
In the spring of 2023, the Arlington County Board voted unanimously to approve allowi... read »
![Jair Lynch Pitches 110-Unit Affordable Development Along Columbia Pike](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/4230-columbia_image_560x420.jpg)
The new development, designed by KGD Architecture, would take the place of a two-stor... read »
- Understanding Rental Restrictions in Condominiums
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Plans Filed For 65-Unit Affordable Development In U Street Corridor
- Court Decision Overturns Missing Middle Ordinance in Arlington
- Jair Lynch Pitches 110-Unit Affordable Development Along Columbia Pike
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