
After a brief run-up two weeks ago, mortgage rates are back below 4 percent. It's good news for home buyers and mortgage rate shoppers of DC because with lower mortgage rates come lower mortgage payments. According to Freddie Mac's weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage rateĀ fell to 3.99 percent this week from last week's 4.08 percent. Last week had marked the first time since December 2011 that the benchmark rate crossed north of 4 … [Read more...]
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