Mortgage rates mostly rose this week in Washington, D.C. Meanwhile, the headquarters of The Washington Post is being sold to a real estate investment company for about $159 million, according to Reuters.
The newspaper, which was sold to Amazon.com founder Jeffrey Bezos for $250 million in August, will lease space in the building while scouting for new headquarters.
The benchmark 30-year fixed-rate mortgage in Washington, D.C., increased to 4.49 percent from 4.37 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.42 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.55 percent.
The property was purchased by Carr Properties with designs of turning the site into a mixed-use project, containing some office space along with residential units and possibly a hotel.
The benchmark 30-year jumbo mortgage, for loans of $625,500 and more, stepped up this week to 4.59 percent from 4.49 percent. The benchmark 15-year fixed-rate mortgage escalated to 3.61 percent from 3.39 percent. The benchmark 5/1 adjustable-rate mortgage fell to 3.32 percent from 3.36 percent.
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Weekly mortgage survey
|Results from Bankrate's Dec. 4 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:||4.49%||3.61%||3.32%||4.59%|
|Change from last week:||+0.12||+0.22||-0.04||+0.10|
|Change from last week:||+$11.80||+$17.99||-$3.63||+$37.47|