Mortgage Rates Tick Up
✉️ Want to forward this article? Click here.
Mortgage rates have been on a relatively steady rise over the last two months and that continued this week.
On Thursday, Freddie Mac reported 3.75 percent with an average 0.6 point as the average for a 30-year mortgage, up six basis points from last week. The uptick in rates does not seem to be deterring buyers, however.
story continues below
loading...story continues above
“Due to the improved economic outlook, purchase mortgage applications rose fifteen percent over the same week a year ago, the second highest weekly increase in the last two years," Freddie Mac's Sam Khater said in a release. "Given the important role residential real estate plays in the economy, the steady improvement of the housing market is a reassuring sign that the economy is on solid ground heading into next year.”
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-tick-up/16145.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
The 67-room luxury hotel will be located at 3000 M Street NW, the site of the old Lat... read »
The new plans for the development along 11th Street continue to move forward.... read »
The new project is just the latest affordable development to move forward in DC.... read »
In the spring of 2023, the Arlington County Board voted unanimously to approve allowi... read »
- Understanding Rental Restrictions in Condominiums
- Jose Andres Group Partners On New Georgetown Hotel
- Plans Filed For 65-Unit Affordable Development In U Street Corridor
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Court Decision Overturns Missing Middle Ordinance in Arlington
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