After surging in the wake from the election, mortgage rate are back again on the decline. The average rate for any 30-year fixed rate mortgage has been 3. 97 percent for three-day period ending April 19 th according the release from Freddie Mac today. Lower rates should help customers currently in the market, but rates continue to be expected to rise through the year.

The recent decline within rates was driven by a motion of money out of stocks and straight into bonds. This shift was initially powered by a realization that tax change and other pro-growth policies might take lengthier to implement than expected. After that an increase in international tensions went investor further towards bonds being a safe haven.

avg rate

The most up-to-date reading is 35 basis factors lower than the post-election peak associated with 4. 32 percent from the a week ago in December. That decline translates into the $40 reduction in the monthly payment on the $200, 000 mortgage. While this is definitely an improvement, it remains $51 more than the monthly payment at 3. fifty two percent, the rate recorded just before the particular election.

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While increased rates will weigh on value, they are not necessarily a bad thing if they happen to be the result of a stronger economy and when they bring stronger income development as a result. Income growth can counter rising rates, stabilize household stability sheets, and drive growth. NAR is predicting the average rate to get a 30-year fixed rate mortgage to complete 2017 near 4. 6 % before rising to an average associated with 5. 0 percent in 2017.

Properties in Potomac Yard

2314 Potomac Avenue

Stunning 4 level Town Home in Prestigious Potomac Yards. All new 3/4" HICKORY HARDWOOD Floors in Great Room, Kitchen and Landings. Gourmet Kitchen with Top of the Line Stainless Appliances, incl. wine frig. and Granite counters Exterior is Brick front/Hardiboard in rear .Short dist to Giant, Target + fine dining! Upper level feature 2 sided gas fireplace/ large deck,full luxury bath/tower shower. [Potomac Yards - $922,500]

623 McKenzie Ave

Open Sat and Sun from 2-4PM! Stunning and spacious 2 lvl 3BR/2.5BA condo next to future Potomac Yard Metro. Gourmet kitchen w/ SS appl, granite & marble backsplash. Open floor plan with gleaming HWF. Tons of upgrades including in wall Bose spkrs, plantation shutters, and crown molding! Grand Master suite with custom WIC, marble shower, & dbl vanity. Upper laundry rm. 1 garage space + driveway. [Potomac Yard - $749,000]

1856 Potomac Greens Dr

This home is designed for comfortable living and entertaining. The main level boasts an open floor plan and a brightly lit kitchen with breakfast bar opening to the family room with custom bookcases & gas fireplace. On the upper levels you will find three bedrooms with en suite bathrooms. Enjoy private rooftop terrace with unobstructed views. This home features many amenities and upgrades. [Potomac Greens - $755,000]

Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

Falls Church real estate agents.
Nesbitt Realty can help you buy and sell real estate in Falls Church.
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

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