Mortgage Rates Jump Above 4 Percent
✉️ Want to forward this article? Click here.
On Wednesday, long-term mortgage rates rose above 4 percent for the first time since the end of 2015. Long-term rates averaged 4.03 percent with an average 0.5 point.
“In a short week leading up to the Thanksgiving holiday, the 10-year Treasury yield rose 8 basis points,” Freddie Mac chief economist Sean Becketti said in a statement. “The 30-year mortgage rate followed suit, rising 9 basis points to 4.03 percent. This increase marks the first week since 2015 that mortgage rates have risen above 4 percent.”
story continues below
loading...story continues above
The last time rates were above 4 percent was New Year’s Eve 2015.
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_jump_above_4_percent/11917.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
This week’s Best New Listings includes a bi-level condo north of Adams Morgan's mai... read »
Why today's rate cut won't solve the housing affordability gap; criticism of DC's evi... 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