Mortgage rates are at 3.00% for the 30 year fixed loan program and at 2.56% for the 15 year fixed. As for variable rates, the 5/1 ARM rate currently stands at 4.56%. Check out FHA and VA rates as well if you are doing low or no down payments.
For many first time home buyers the stress of buying a home can be overwhelming, yet owning your 1st home in Washington D.C. is exciting. The homeownership rate in the District of Columbia is 40.8% and the median home price is $157,200. The District of Columbia is the capital of the United States. Lender411.com can find the best first time home buyer rates in District of Columbia.
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