Real Estate

Mortgage Interest Rates Drop to Lowest (3.88%) of Year

The mortgage industry has delivered a big 4th of July holiday sale on interest rates (sort of!). Interest rates on 30 year fixed rate mortgages dropped slightly to 3.88% from select banks and are now at the lowest level they have been so far in 2017.

“Mortgage interest rates are either going up or they’re going down,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “As a first time buyer, you often don’t get multiple chances and this much time to take advantage of low interest rates. It’s a great time to seriously consider starting the home buying process. ”

If you’re gainfully employed and have fair to good credit, now is the time to start investigating for yourself how you are going to buy your first home or condominium.

Interest rates below 4% are far lower than your parents paid for their home mortgage. The best way to get started is to join us at our popular First Time Home Buyer Workshops twice a week. We meet Tuesday nights at 6pm and Saturday mornings at 10am where we introduce $0 Down and subsidized down payment programs, and show you how to use the financing strategically in the local real estate market. We’re real estate agents and can smoothly transition you into actually buying and owning a home or condo if you can follow our playbook!


Workshops are FREE of charge and are held at 913 Florida Ave. NW. near the U Street METRO. UrbanLand Company Home Buyer Workshops have produced over 1,380 in purchased homes since 2014 for DC and Maryland residents, many of which are $0 Down or low down payment loans.

Where’s our interest rate numbers come from? We get our data from Freddie Mac’s weekly survey of bank rates around the USA. The actual interest rate on your home loan can be different based on a variety of personal factors, including your credit score, amount of down payment, home purchase price, your debt-to-income ratio and other variables. Email us for how to get pre-qualified for a local mortgage! UrbanLand Company real estate agents have a high degree of success in helping buyers get financed!

Here’s some of the homes we’ve sold to Workshop attendees!


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