Mortgage Rates Fall to Just Above Record Lows
✉️ Want to forward this article? Click here.
Mortgage rates dropped to just above their all-time record lows on Thursday.
On Thursday, Freddie Mac reported 3.24 percent with an average 0.7 point as the average for a 30-year mortgage. The record low for long-term rates was set on April 30 when rates dropped to 3.23 percent.
story continues below
loading...story continues above
“For the fourth consecutive week, the 30-year fixed-rate mortgage has been below 3.30 percent, giving potential buyers a good reason to continue shopping even amid the pandemic,” Freddie Mac's Sam Khater said in a release. “As states reopen, we’re seeing purchase demand improve remarkably fast, now essentially flat relative to a year ago. Going forward, mortgage rates have room to decline as mortgage spreads remain elevated.”
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, record low mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage-rates-fall-to-just-above-record-lows/16866.
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 »
![A Look At The 9 Office-To-Residential Conversions On The Boards in DC](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/1425-new-york_image_560x420.jpg)
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... 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 »
![Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market](https://assets.urbanturf.com/dc/images/blog/2024/10/Jan%20Evans%20article/resized/DSC04184_image_560x420.jpg)
The beautiful four-story property, with three renovated units offering more than $200... read »
![Stephen Strasburg's McLean Home Sells For $8.55 Million](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/stras_image_560x420.jpg)
The nearly 12,000 square-foot McLean house of the former Washington Nationals pitcher... read »
- Understanding Rental Restrictions in Condominiums
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
- Stephen Strasburg's McLean Home Sells For $8.55 Million
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