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
UrbanTurf takes a look at the options DC homeowners and residents have to take advant... read »
Last week, UrbanTurf took a look at the Maryland suburbs with the highest home price ... read »
The National Geographic Society has big plans for its downtown DC campus.... read »
Add another new retailer to the growing list of openings in the neighborhood.... read »
The rising costs of housing in swing states; a new bill in DC for vacant and blighted... 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