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...
The real estate market is now in the Fall season, a time when there is a boom of activity, especially in October. Still, it appears the housing market continues to cool. Most experts are pointing to higher mortgage interest rates which has made homeownership...
Market Update – January 2022 Mortgage interest rates have been rising consistently for the past 4 weeks. Some buyers are surprised how their estimated monthly payment rose so dramatically in just a week. While this increase will cause panic and a sense of...
