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.

Thanks for stopping by,