Real Estate News About Woodbridge, Mount Vernon, and Lorton Virginia: June 2011

Home Mortgage Rates For The Week Of June 26 2011

Home Mortgage Rates For The Week Of June 2011

Rates Holding Steady Thanks To Uncertainty In Europe

Inflation On The Horizon Thanks To The Treasury Printing Money

The economic volatility in Greece has caused some flight to safety buying, U.S. dollar securities such as US Treasury bonds and mortgage backed securities.  

Those two indices are the basis of US mortgage rates in the foreign markets.  

Foreign money is propping-up our home mortgage markets as foreign investments bounce up and down like a yo-yo.

This helped bonds and home loan rates last week, which was a good thing, since signs of inflation alsohome mortgage rates, home loan rates, low mortgage rates, best mortgage rates heated up last week.  Bonds and home loan rates would have likely worsened on that inflation news. 


Inflation is the force behind higher interest rates on bonds, that cause mortgage rates to rise.

Last week, both the Producer Price Index (PPI) which measures inflation at the wholesale level, and the Consumer Price Index (CPI) which measures inflation at the consumer level were both reported higher than expected, with the core CPI rising by 0.3%, which was the largest monthly increase in three years.  

Higher mortgage rates are on the horizon.

While the Fed continues to say that the increase in inflation is transitory (i.e. short in duration, temporary or not persistent) rising CPI and PPI leads to higher bond rates that cause home mortgage rates to rise. 

 

So what's the point?

The point is, if you are thinking about buying a home or refinancing your mortgage, NOW is the time to make a move, if you want to catch loan interest rates at the bottom of market.

You can text or call Erick at 703-677-1120, shoot him an email right now 

 

Erick Blackwelder -Woodbridge VA 22192Peggy James Lake Ridge VA 22192

 

Erick and Company-Top Realtors Woodbridge VA

Don't forget if you have a home to sell Peggy James my listing specialist for Erick and Company can send you a free market evaluation of your home. Fill out this form or call our office at 703-590-2252. We service buyers and sellers in Lake Ridge,Woodbridge, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville, Quantico, Fort Belivor and Mount Vernon area's. 

Equal Housing OpportunityExit 1st Choice Realty-Woodbridge Virginia

 

 


Erick BlackwelderCall or text Erick Blackwelder right now for help finding a home, or help selling your house.  

Don't worry... Erick doesn't bite, and you won't get a sales pitch.  Text or call Erick now at 703-677-1120 for a FREE consultation.

CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.

Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
Equal Housing Opportunity

 

 

 

 

 

 

 

"Hey Erick, tell me more about...."

Click the link above to email a question to me or call me now at 703-677-1120.  

 

 

Equal Housing opportunity.

Comment balloon 0 commentsErick Blackwelder • June 26 2011 11:31AM
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