Archive for February, 2009
VA Loans Can Go To $812,000 with O Down in Northern Virginia
February 3rd, 2009 Categories: Mortgage Update
In this week’s Mortgage Report, Rob Clarke tell us that one of the hot topics for mortgage lenders right now is VA loans. In the Northern Virginia area, VA loans can go as high as $812,000 with 0 down.
For conventional loans, rates continued their climb and closed last week at 5.375% with 0 points or 4.75% with 1 point for a conforming 30yr. fixed rate loan.
The rates for conforming plus + loans between $417, 000 and $625,000 are also up. On the first of January the gap between conforming plus + loans and regular conforming loans was around 0.125%. On the first of February that gap had moved to about 0.5%.
To see more from Rob, click here. To find out more about available properties in Northern Virginia, call me at 703.927.4554
Thanks for stopping by,
Michael
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2010 Census to Bring 3,000 New Jobs to Northern Virginia and Alexandria
February 1st, 2009 Categories: Alexandria
The U. S. Census Bureau has officially opened its headquarters in a ribbon cutting ceremony at 6408 Edsall Rd in Alexandria in preparation for the 2010 or decennial census.
The bureau will also require additional office space in 22 counties in Northern Virginia as some 3000 census workers are hired over the next few months. The addition of new jobs in the region and the need for commercial real estate will be a welcome jolt for the local economy.
As Arnold Jackson, associate director and COO of the Decennial Census said, “We will be the biggest players in the local real estate market over the next year.”
The object of the census is to count everyone in an effort to find out “who we are, where we’ve been and where we haven’t been” according to U.S. Representative James P. Moran. And Virginia Senator Mark Warner told the audience “This effort is one of the few parts of the Federal Government’s operations that goes back to the Constitution. The face of America and the face of Virginia is drastically changing. What you do determines the flow of more than $300 billion per year.”
Those interested in applying for positions should the Bureau’s Web site for job descriptions, qualifications and applications. Applicants can also call toll free at 1.866.861.2010.
Michael
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