Real Estate

Temporary Dip! Mortgage Interest Rates Go Under 4%

Interest rates on 30 year mortgage interest rates took more dips this week. The wild recent ride put rates back to November 2016 levels. The interest rate on a 30 year mortgage dropped to just 3.97%. Rates have been as high as 4.3% in the last month.

“This is most likely a temporary dip and correction in rates but is a real opportunity for potential home buyers who didn’t pull the trigger in the last 6 months. Interest rates have been volatile and making moves upward since November,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “This is a time when you get out, put out offers and see if you can grab a home or condo while the rates are down. It’s a rare time when the typical buyer can ‘time the loan’ market in their favor.”

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 4.5% are still 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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