Mortgage rates dip again, but a 30-year loan stays above 4%
Send this to a friend
- Jeff Clabaugh
- Broadcast/Web Reporter- Washington Business Journal
- Email | Twitter
Long-term borrowing costs are still near the lowest they've been in more than a year, and the average rate on a 30-year fixed-rate mortgage moved slightly lower this week.
Freddie Mac (OTC: FMCC) says the average rate on a 30-year fix was 4.01 percent in the week ending November 13, down from 4.02 percent last week. A year ago, 30-year rates averaged 4.35 percent.
A 15-year fix averaged 3.20 percent this week, down from 3.21 percent. A one-year adjustable rate mortgage averaged 2.43 percent, down from 2.45 percent.
Despite continued low rates, mortgage applications remain fairly flat.
The Mortgage Bankers Association says applications fell 0.9 percent last week, led by a 1.9 percent decline in applications to refinance an existing mortgage.
Jeff Clabaugh covers general assignment and provides business coverage for WTOP.
Most Popular
- Most popular
- Emailed
- Mobile
- Here's a database of every state employee who makes $50K or more
- Converting old buildings into apartments a few dozen units at a time
- 8 things you need to know this morning
- Ronald McDonald House is doubling in size and moving to East Baltimore
- Aris Melissaratos has some advice for Larry Hogan
- This Baltimore company bought a dilapidated warehouse to skip tolls
- Here's what Larry Hogan's win means for Md.'s liberal health policies
- Why Larry Hogan's election probably means fewer state workers in Md.
- Kevin Kamenetz on Larry Hogan: 'It sounds like he stole my ideas'
- Morstein's Jewelers is closing after 116 years in business
Email Subscriptions
-
Engineer Systems - Anti-Tamper T4 Northrop Grumman | Baltimore, MD
-
Assistant Store Manager Vitamin Shoppe Industries Inc | Baltimore, MD
-
Corporate Paralegal - Sinai LifeBridge Health | Baltimore, MD
-
Sr Treatment Services Coordinator - Hagerstown Colonial Management Group | Hagerstown, MD
-
Wireless Retail Store Manager wer-wireless | Baltimore, MD
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.