Mortgage rates mostly increased this week in Washington, D.C. Meanwhile, the city is getting its first elevated park, Curbed DC reports.
The 11th Street Bridge -- the Anacostia River freeway bridge -- is being reconstructed into an elevated park and civic space in a $45 million project expected to be completed in 2019. The new park will have play areas, kayak and canoe launches, spaces for performances and public art, as well as plazas, Curbed reports.
This week's rates
The benchmark 30-year fixed-rate mortgage in Washington, D.C., increased to 4% from 3.94%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.05 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.01%.
The benchmark 30-year jumbo mortgage, for loans of $625,500 and more, dipped to 3.79% from 3.83%. The benchmark 15-year fixed-rate mortgage rose to 3.23% from 3.15%. The benchmark 5/1 adjustable-rate mortgage grew to 3.42% from 3.34%.
Weekly mortgage survey
|Results from Bankrate's Sept. 30 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $625,500 in DC Metro.|
|30-year fixed||15-year fixed||5-year ARM||30-year jumbo|
|This week's rate:||4%||3.23%||3.42%||3.79%|
|Change from last week:||+0.06||+0.08||+0.08||-0.04|
|Change from last week:||+$5.72||+$6.42||+$7.35||-$14.22|