The latestreportfromFreddie Macshows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%).
This is great news for homebuyers who are dealing with rising prices due to alow inventoryof homes for sale in many areas of the country.Freddie Macexpressed their optimism for the rates to remain low throughout the spring in arecent blog post:
“We expect mortgage interest rates to stay well under 4% as we head into the heart of the spring homebuying season. We're predicting it to be the best one in 10 years, which should provide even greater opportunities for first-time homebuyers.”
Below is a chart of the weekly average rates in 2016, according to Freddie Mac.
Rates have again fallen to historic lows yet many experts still expect them to increase in 2016. One thing we know for sure is that, according toFreddie Mac, current rates are the best they have been since last April.
Sean Becketti,Chief Economist for Freddie Macrecentlyexplained:
“Since the start of February, mortgage rates have varied within a narrow range providing an extended period for house hunters to take advantage of historically low rates.”
If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage.
Author:Tim Walsh Phone: 703-447-2236 Dated: May 23rd 2016 Views: 41 About Tim: I work full time in Real Estate. We created Your New Home Team to focus our energies in creating smo...
About REMAX PREMIER - Your Best Source for Home Listings in Northern VA
NorthernVAHomesForSale.net We are a new and growing team of professionals with one goal in mind - to be the #1 trusted advisor(s), confidant(s) when it comes to buying, selling, building or investing in Northern VA for our clients and community. Our unique backgrounds, dedication, experience and commitment pours into everything we do. We believe in integrity and wrap our values and approach around betterment of our clients and community - every day.
Even though we are a group of agents working individually, we focus on a team support approach where each agents specialty, expertise, passion is focused on areas they want to serve. We each focus on areas we know well - whether those are areas we have lived in, focused on or have extensive experience in. Each agent utilizes the same Marketing Services offered by a Dedicated - Full Time certified marketing Professionals focused on ensuring our Marketing is leading edge and our listings get Maximum Exposure. We have a full time, dedicated marketing team so each agent can spend more quality time with dedicated clients and not have to manage all aspects of the business. Our transaction coordinator combs through documents and contracts to ensure all paperwork is properly completed and ready for smooth transaction.
You can review our agents profiles and pick the one that resonates best with you. You will see each agent offers unique background, experience and expertise.
As you will see in our website(s), videos and marketing - we strive to offer the leading edge systems that bring results and offer advantage to our clients. We know some clients out there don't know what they don't know and what they might be missing. Our philosophy is to educate, inform, empower and protect our clients’ interests. Utilization of latest technologies make it convenient and powerful to make informed decisions - after all, we believe this process is more than just a sale, more than just a transaction - it is a new beginning, a new relationship. We welcome you to become part of the communities we live and proudly serve in and are truly grateful in being a part of a live transforming event.
As you browse through our websites and marketing materials, you will experience the type of technology, approach, marketing we utilize. We also do more behind the scenes. If you would like to find out more about our agents, marketing team, our approach, our multi-channel marketing and how it can help you with your home purchase, sale or investment, give us a call today or.. Chat live with one our team members on our websites.
Remax Premier offers 5 offices serving Northern VA. All our agents are licensed in the state of Virginia.
Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!Inte
"Dale Strawser has a great team. He sold our home and we wanted a larger one. I know I’m a hard person to work with because I want to know every single detail and run all the numbers. Dale “handled” me well and really put my worries at ease. He was very attentive and was there for me whenever I wanted to go look at a house. One day I had a list of 12 houses and Dale was more than willing to drive me around all day. He even drove to a few houses twice, so my mom and brother could come and check them out too. One house we liked was way overpriced. Dale was very tactful about letting us know this without making the decision for us. I am very happy with Dale and his team. I was confident that I was walking into settlement with advisors that were looking out for my best interests. I can’t emphasize enough the power of having good, capable and reliable support on a large transaction. Dale and his team are just that."