What's Hot: A Snapshot Of Apartment Rents Across The DC Area | An Extraordinary Capitol Hill Compound Hits the Market
Mortgage Rates Rise to 8-Month High
✉️ Want to forward this article? Click here.
Despite dropping inflation, mortgage rates are still heading northward.
Freddie Mac reported 6.96% as the average on a 30-year mortgage on Thursday, up 15 basis points compared to last week. Long-term rates are now at the highest level in 8 months.
story continues below
loading...story continues above
“Mortgage rates increased to their highest level since November 2022, the last time rates broke seven percent,” said Sam Khater, Freddie Mac’s Chief Economist. “Incoming data suggest that inflation is softening, falling to its lowest annual rate in more than two years. However, increases in housing costs, which account for a large share of inflation, remain stubbornly high, mainly due to low inventory relative to demand.”
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
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_rates_rise_to_8-month_high/21248.
Most Popular... This Week • Last 30 Days • Ever
While homeowners must typically appeal by April 1st, new owners can also appeal.... read »
The home, located just blocks from the Capitol Building, is nearly two centuries old ... read »
Navy Yard is one of the busiest development neighborhoods in DC.... read »
This week’s Best New Listings includes a four-bedroom Capitol Hill rowhome and a si... read »
The L-shaped building will go before Arlington's Site Plan Review Committee in the co... read »
- How to Appeal Your DC Property Tax Assessment
- An Extraordinary Capitol Hill Compound Hits the Market
- Podcast Studios, Outdoor Rooms and A Get Down: The 3,500 Units on the Boards For Navy Yard
- Best New Listings: Ditto On The Hill; 15,000 Square Feet In Potomac
- 12-Story, 296-Unit Development Pitched For Walgreens Site in Arlington Moves Forward
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