Real Estate News About Woodbridge, Mount Vernon, and Lorton Virginia: How Financial Turmoil In Greece Lowers Mortgage Rates In Woodbridge

How Financial Turmoil In Greece Lowers Mortgage Rates In Woodbridge

This quick video shares with you how financial turmoil in Greece is driving down mortgage interest rates in Woodbridge, Virginia, and throught the United States.

Let me translate some of the mortgage-speak for you.  When bond prices go up, the yield, or interest rate goes down.  So when Barry was talking about bond prices going higher in the short term, and yields going down, that's good for borrowers because home loan rates will be trending lower.

Investors who had money in the Greek economy are pulling their money out of Greece and looking to safer places to invest, such as the US mortgage bond market, and the German bond market.  

The US and German markets are considered safe havens for investors because both nations have the economic strength to back their financial markets.

If you are thinking about buying a house, this may be the time to capture a low interest rate and maximize your buying power.  

For example, a $400,000 house purchased with an FHA 30 year fixed rate loan at 3.5% and 4.512% APR, and a down payment of $15,750, your monthly loan payment would be $1,950. (Not including escrows for real estate taxes or hazard insurance)

That's what low interest rates can do for you right now when you buy a home.

Want to know more?  Call Erick Blackwelder at 703-677-1120 to find out how much buying power you have in today's market.  Fear not, Erick is not a pushy salesman, and you will be under no obligation to buy a home with Erick.

If you choose to have Erick help you buy a home, Erick will be your Buyer Agent.  

You can use a low down payment FHA loan to buy up to $625,000.  Just 3.5% down payment is all you need.  Erick can show you how to buy with FHA and pay no closing costs.  Call Erick now to find out how you can buy a house with an FHA loan and pay no closing costs: 703-677-1120.

You may think you don't have enough cash to buy a home.  Are you a veteran?  If you are, you don't need a lot of cash to buy a home,  Erick can show you how to buy a home zero down, pay no closing costs, and get cash at closing,  Call Erick at 703-677-1120 to find out how you can get cash at closing with your VA loan.

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

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

 

 

 

 

 

 

 

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

 

 

Equal Housing opportunity.

Comment balloon 2 commentsErick Blackwelder • July 07 2015 06:40AM

Comments

Interesting information...very timely and thanks for sharing it with all of us

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) over 2 years ago

Writing as someone who has a degree in economics, I see strong economic indicators that say the US economy is headed for a similar melt down.

Marginal tax rates on individuals have been rising since Ronald Reagan convinced Congress to lower the top tax rate to 28%.  When marginal tax rates go down, revenues to the Treasury go UP. because the VELOCITY of money through the economy increases.

Marginal tax rates have been creeping higher under the Pelosi-Reid-Obama era, up to 39% for top income earners.  Higher marginal tax rates reduces the revenues to the Treasury because it slows the VELOCITY of money through the economy.  Velocity is the number of taxable events.

Presidents Harding, Kennedy, and Reagan each convinced Congress to lower marginal tax rates, and what followed was a thriving economy.

Reagan lowered marginal tax rates and the economy slowly began to turn around.  Deficit spending slowly came down year after year.  Bush 41 and Clinton kept the Reagan tax rates in place.  The result was two years of tax surplus during the Clinton administration.

Posted by Erick Blackwelder, Text or call Erick now at 703-677-1120. (Cell: 703-677-1120) over 2 years ago

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