High Impact of Low Interest Rates on Your Purchasing Power

Interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!  This is According to Freddie Mac’s latest Primary Mortgage Market Survey   The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.  Considering current Northern […]

Top 5 Benefits of Homeownership

Freddie Mac reported on the benefits of homeownership recently. According to their report, here are the top 5 benefits of homeownership that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly payments will remain stable. You may have some tax benefits. You can take pride in […]

The Truth about RENTING vs. BUYING in Northern VA

CNBC’s Diana Olnick recently reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home and an individual that rents a […]

Potential Home Buyers Wrong About Down Payment

Mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s Northern VA real estate market.  To be exact 69% of first time buyers believe this.  Translation: most potential home buyers  wrong about down payment needs.  A recent survey conducted by Genworth Financial Inc. at the Annual Mortgage […]