Presently, mortgage interest rates on a 30-year fixed loan are down to around 6.8%. This is a big difference from just one month ago when rates were closer to 7.8%. This is great news for anyone thinking of buying a home as they can expect to be able to afford more....
Interest rates started increasing in March 2022 and hasn’t stopped since. Rates went from below 3% to above 3% in June 2022 to 5% in May 2023. This month, September 2023, interest rates are hovering around 7%. Northern Virginia has been affected. Here’s...
There are currently a lack of homes for sale leading to more competition among home buyers. Many homes for sale are still receiving multiple offers. This causes frustration for buyers wanting a new home. It’s important for home shoppers to understand the real...
5 IMPORTANT STEPS AFTER YOUR HOME GOES UNDER CONTRACT For a home seller, there’s no better feeling than having your home go under contract quickly and at the price you wanted. It’s important to know that this is an important time to stay vigilant and...
Buying a home is often one of the most important financial decisions you’ll make in a lifetime. In addition to the amount it costs to own a home, you are also faced with getting a mortgage, working through contracts, inspections and negotiations. There are so...