Mortgage rates mostly fell this week in Washington, D.C. Meanwhile, a multimillion-dollar home in Georgetown sold in just 2 days, The Washington Post reports.
The 6,700-square-foot Italianate-style home is part of historic Cooke's Row -- 4 double houses built in 1868 for Henry Cooke and his 12 children -- in Northwest Washington and was privately listed for 2 days before it was purchased. It sold for $4.4 million to an unnamed buyer.
The home was renovated in 1994 and has 6 bedrooms, 7 bathrooms, hardwood floors, 12-foot ceilings and 5 fireplaces. Other amenities include a detached garage and a sunroom with 3 walls of glass overlooking a large patio and private garden, the Post continued.
This week's rates
The benchmark 30-year fixed-rate mortgage in Washington, D.C., fell to 4.06% from 4.13%, according to Bankrate.com's weekly national survey of large lenders. The mortgages in this week's survey had an average total of 0.08 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.07%.
The benchmark 30-year jumbo mortgage, for loans of $625,500 and more, remained at 3.92%. The benchmark 15-year fixed-rate mortgage inched down to 3.4% from 3.41%. The benchmark 5/1 adjustable-rate mortgage dropped to 3.52% from 3.62%.
Weekly mortgage survey
|Results from Bankrate's Nov. 24 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:||4.06%||3.4%||3.52%||3.92%|
|Change from last week:||-0.07||-0.01||-0.1||N/C|
|Change from last week:||-$6.67||-$0.81||-$9.19||N/C|