Tag Archive: Buying

5 Tips: What to Look For in a Home Worth Competing For

The prospect of obtaining your ideal home in today’s Northern Virginia or D.C. housing markets can be daunting. We are in a rising housing market, with low inventory, and fierce competition among home buyers. You want to come out of the process with a place to live, but you don’t want to get fleeced by…

Mortgage Rates Continue to Rise

Last week I did a post highlighting the rise in interest rates over the course of the previous 5 days. Well the trend has continued. The rate which had gone up from 4.17% ┬áto 4.51% in under five days is now up to 4.625%. The current rate includes one discount point (1% of the loan…

Home Buyer Tax Credit Expiring: Buyers and Sellers Can Benefit

There is some speculation that the $8,000 First Time Home Buyer Tax Credit will be extended beyond the current deadline and potentially increased. Conjecture aside, what we do know at this time is that the current credit is set to expire on November 30th of this year. This gives a narrow and closing window of…