Weekly Mortgage Rate: 4.76%
Mortgage rates continued their downward trajectory this week, with Freddie Mac’s weekly Primary Mortgage Market Survey putting the average rate on a standard 30-year fixed-rate mortgage over the last seven days at 4.76 percent. That’s down from 4.88 percent last week, and it marks the fifth week in a row that rates have decreased.
As with the direction of so many financial instruments around the world this week, the decrease was heavily influenced by the crisis in Japan. Freddie Mac vice president and chief economist Frank Nothaft had this to say:
“With the crisis in Japan, investors rushed to buy the security of U.S. Treasury bonds, which lowered its yields and other interest rates as well. This allowed fixed mortgage rates to drift lower this week.”
Here’s a look at the path of mortgage rates since last January:
Mortgage rates since January 2010
See other articles related to: mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/weekly_mortgage_rate_4.76/3180.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
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