Real Estate News About Woodbridge Virginia and Surrounding Communities

Home Loans Drop To 4% For Mortgages In Woodbridge And Manassas

Homes Are More Affordable With The Lowest Interest Rates We've Seen In Decades

You Can Get More Home For Your Money Right Now

Foreign Capital Funding American Home Loans Because American Mortgages Are Safe

Check out the schedule of rates below to see how low mortgage fallen over the past two months.

Payments below are based on a $300,000 mortgage.

CONV        Rate Disc. Points           APR Payment       Monthly Payment

               4.000%     1.717%         4.173                 $1,432 

               4.125%     1.068%         4.247%              $1,454 

               4.250%     0.307%         4.308%              $1,476 

 

FHA          4.000%     1.920%         4.584%              $1,432

                4.125%     1.905%         4.713%              $1,454

                4.250%     0.000%         4.697%              $1,476 

 

FHA 5YR Adjustable Rate Mortgage (ARM)

               Rate         Disc. Points    APR                   Payment

               3.000%     1.599%         2.924%              $1,265 

               3.125%     1.030%         2.910%              $1,285

               3.250%     0.000%         2.863%              $1,306 

 

FHA REFINANCE 

               4.000%     1.920%         4.554%              $1,432 

               4.125%     1.905%         4.682%              $1,454 

               4.250%     0.000%         4.664%              $1,476 

 

VA           Rate          Disc. Points   APR                   Payment

              3.875%      3.532%        4.458%              $1,411

              4.000%      4.222%        4.483%              $1,432 

              4.250%      0.000%        4.557%              $1,476 

 

So what's the point?

The point is home prices are still affordable, and when you combine low interest rates, your buying power is better than at any time in the past decade.

This is a good time to get together with your Realtor and make plans to get a home, or get together with your family lender and refinance your existing mortgage.

FHA and VA loans are elegible for "Streamline Refinance" that is as simple as signing four pieces of paper, faxing them back to your lender, and your payments will drop within 90 days.

The rates, points, APR, and payments above are based on a $300,000 loan.

Rates are subject to change daily.

You can lock your rate and points when you have a bona fide contract to purchase a home.

Erick Blackwelder is not a loan officer. The information above was provided by Vinnie Apostolico, McLean Mortgage.

 

Text my phone at 703-677-1120, or call my cell at the same number, or contact me now by email Click Here 

 

 

Contact Peggy James or Erick Blackwelder  of Erick and Company - Exit 1st Choice Realty,14029 Crossing Place,  Woodbridge VA. 22192. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's

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