Mortgage Rates Drop Just Below 4 Percent
✉️ Want to forward this article? Click here.
This morning, rates on 30-year mortgages dropped just below 4 percent, reversing a two-week rise.
Freddie Mac reported 3.99 percent with 0.7 of a point as the average on a 30-year fixed mortgage. Two weeks ago, mortgage rates starting inching upwards and last week, they rose above 4 percent for the first time since October 2011.
From Freddie Mac vice president and chief economist Frank Nothaft on today’s rates:
“Mortgage rates slid this week amid weaker housing economic indicators. The S&P/Case Shiller® 20-City Composite home price index slid in January to its lowest reading since December 2002. In addition, new home sales declined 0.5 percent in February, below the market consensus of an increase, and pending existing home sales also declined for the month.”
Here’s a look at the path of rates since last January:
See other articles related to: mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_rates_drop_just_below_4_percent/5350.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf is re-publishing an article with updated links that is a step-by-step way t... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
Development along the Maryland side of the Rhode Island Avenue corridor continues to ... read »
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
The big residential plans in the works for the hotel site are changing a bit as the r... read »
- How to Obtain a Basic Business License For Your DC Rental
- From One Home to 9 Apartments Along Brookland's Main Drag
- The 3,000 Units in the Works From Route 1 to Hyattsville
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- 630 to 570 Units: A Slight Change Of Plans For Arlington's Americana Hotel Development
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