Mortgage Rates Continue to Fall in Northern Virginia As Well As Across the Country
Just like gasoline prices, mortgage rates have continued to slide downward. A few things to note:
- Rates closed on Friday afternoon at 5.75% with 0 points for a 30yr. fixed conforming loan.
- Lenders are accepting loans at up to the 2009 mortgage limit of $625,500 for FHA and Jumbo Conforming loans.
- The 4.5% loan you may have heard or read about is NOT available. It is just an idea being floated as part of an economic stimulus plan.
- Mortgage money is still available.
For more on the mortgage market, click here. For more on buying or selling real estate in Northern Virginia, call 703.927.4554.
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