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Mortgage rates in Washington, DC

By Clare Mallen · Bankrate.com
Thursday, July 2, 2015
Posted: 6 am ET

Mortgage rates mostly increased this week in Washington, D.C. Meanwhile, a condo just listed for $13.95 million, making it the priciest in the city, The Washington Post reports.

The penthouse, located in Georgetown at the Ritz-Carlton Residences, boasts 3,000 square feet of terraces in 6,145 square feet of space. On the market for the first time since the owners bought it from the developer, the unit comes with valet parking, concierge service and all the amenities of the Ritz-Carlton hotel next door. Fees for these conveniences are $9,360 a month.

The condo that previously held the highest price sold in 2009 for $7.3 million, The Post continued.

This week's rates

The benchmark 30-year fixed-rate mortgage in Washington, D.C., rose to 4.25% from 4.17%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.09 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.19%.

More rates

The benchmark 30-year jumbo mortgage, for loans of $625,500 and more, grew to 4.21% from 4.17%. The benchmark 15-year fixed-rate mortgage climbed to 3.45% from 3.38%. The benchmark 5/1 adjustable-rate mortgage dipped to 3.56% from 3.59%.

Weekly mortgage survey

Results from Bankrate's July 1 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: 4.25% 3.45% 3.56% 4.21%
Change from last week: +0.08 +0.07 -0.03 +0.04
Monthly payment: $811.70 $1,175.51 $746.46 $3,062.45
Change from last week: +$7.75 +$5.67 -$2.77 +$14.63
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