FIND YOUR NEXT HOME by...
Many sources are saying that interest rates are going up due to inflation concerns and recent data that has just been recorded. Here's info received by sources 6/13/2007:
Interest rate news
Mortgage bond prices are higher mid-morning erasing some of the losses seen yesterday afternoon. This despite strong economic data released at the open.
In news released this morning, retail sales rose 1.4%, much stronger than expectation for an increase of 0.6%. Strong retail sales can be viewed as inflationary. Traders initially sold bonds in the face of the data, however buyers finally emerged and have stabilized rates.
Traders are now waiting for the release of Fed Beige Book data set for 2:00 ET. This report details economic conditions across the US. If the report indicates either strong economic activity or rising inflation, rates may suffer.
Rising interest rates on home loans could keep buyers away from the market
Jun 12, 2007 3:00 AM (2 days ago)
WASHINGTON (Map, News) - Interest rates on 30-year home mortgages are at their highest level in the past 10 months, inching closer to the point that could keep buyers away from the market, experts said.
According to McLean-based mortgage lender Freddie Mac, rates on these types of mortgages closed at 6.53 last week, up sharply from 6.42 the previous week and the fourth straight week rates have gone up....
...“Psychologically, we’ve been so accustomed to something in the 6 percent ranges, that if we go over 7 — which we’re fast approaching — it’s going to be a new level,” he said.
When asked if he believes rates will climb above 7 percent, Connelly said, “I think [they will]. The economy is strong enough that the Federal Reserve has decided not to lower interest rates.”
Log in, to view your saved searches and add to your favorite listings.
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends
- FORECLOSURES Northern Virginia
- Arlington homes for sale
- Alexandria Virginia real estate
- Annandale Virginia Real Estate
- Burke VA
- Centreville VA
- Chantilly VA
- Clifton VA
- Fairfax VA real estate
- Falls Church
- Great Falls
- Herndon homes
- McLean Virginia
- Reston Virginia
- Springfield VA
- Vienna VA
- Washington DC
- Woodbridge and Manassas
- Ballston Condos and Townhouses
- Clarendon Condos
- Clarendon Townhouses
- Crystal City Condos
- Rosslyn Townhouses for sale
- Rosslyn Condos
- Old Town Alexandria townhouses
- Kingstowne homes in Alexandria
- Penn Quarter Condos
- U Street Condos
- Capitol Hill Rowhouses
Foreclosures - Short Sales - REOs
School Districts--homes for sale
- Yorktown High School
- Woodson High School
- Washington Lee High School
- Langley High School
- Madison High School
- McLean High School
- Oakton High School
- West Springfield High School
- Community Name