Mortgage Rates Are Still Friendly for Northern Virginia and Alexandria
August 4th, 2008 Categories: Mortgage Update
Mortgage rates closed last week at 6.5% with no points for a 30 year conforming loan, making housing in Northern Virginia and Alexandria extremely desirable.
The passage of the Housing and Economic Recovery Act may eliminate Down Payment Assistance Programs – an even better reason to buy now – but the real impact of the bill remains to be seen.
For more information, read Rob Clark’s full mortgage report for 15 and 30 day trends and his commentary on the market.
Still have questions? We’re here to help you at 703.927.4554
Michael
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