Ok, so 4% was really unrealistic from an historic perspective. The site bankrate.com sees rates at 5.02% as of yesterday based on their survey. If you are serious about buying a home in the Northern Virginia area keep these two facts in mind:
Interest rates are more likely to continue going UP than down. The more they inch up, the less house you can buy!
Housing prices are stable or increasing in much of the D.C. Metro area. Prince William County, with some of the D.C. areas most affordable home prices, saw a 20% increase year over year in home prices.
Don't wait too long. Let's go find your next home together!
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