INTEREST RATES INCHING HIGHER FOR LOUDOUN COUNTY, VA MORTAGES
It has been a wild ride in the mortgage market for the past two weeks. Last week, rates ( mortgage prices ) were 
under pressure leading up to Friday’s employment figures.
The market was surprised by a notably higher jobs created figure as well as a lower than expected unemployment rate. This pushed interest rates higher late last week. The market licked its wounds earlier this week and things have stabilized a bit.
Although stock prices are at historic highs, we have not seen notable gains this week. It will be interesting to see how the dust settles. For now, rates remain historically very low in the 3.625% to 3.75% with little or no discount fees for most borrowers.
As the uncertainty and political rhetoric continue to escalate, look for stock prices and mortgage prices to be volatile for the foreseeable future. We are watching this closely and providing expert advise to clients as best we can as they go through the buying process and look for the best possible rate.
Please feel free to contact me should you or your clients have any questions.
Stephen T. Cowen
Director of Mortgage Production
Middleburg Mortgage
Office: 703-737-3403
Cell: 703-928-5714
Fax: 703-737-3427
E-Mail: scowen@middleburgbank.com
Website: www.stevecowen.com
20105 - SEARCH ALDIE, VA HOMES FOR SALE
20147 - SEARCH ASHBURN VILLAGE/ASHBURN FARM HOMES FOR SALE
20148 - SEARCH BRAMBLETON/BROADLANDS HOMES FOR SALE
20152 - SEARCH CHANTILLY/SOUTH RIDING HOMES FOR SALE
20164 - SEARCH STERLING/POTOMAC FALLS/CASCADES/LOWES ISLAND HOMES FOR SALE
20175 - SEARCH LEESBURG HOMES FOR SALE
20176 - SEARCH LEESBURG/LANSDOWNE HOMES FOR SALE
CLICK HERE TO FIND OUT WHAT YOUR LOUDOUN COUNTY, VIRGINIA HOME IS WORTH IN TODAY'S SELLERS MARKET!
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