In this week’s Mortgage Report, Rob Clarke tell us that one of the hot topics for mortgage lenders right now is VA loans. In the Northern Virginia area, VA loans can go as high as $812,000 with 0 down.
For conventional loans, rates continued their climb and closed last week at 5.375% with 0 points or 4.75% with 1 point for a conforming 30yr. fixed rate loan.
The rates for conforming plus + loans between $417, 000 and $625,000 are also up. On the first of January the gap between conforming plus + loans and regular conforming loans was around 0.125%. On the first of February that gap had moved to about 0.5%.
To see more from Rob, click here. To find out more about available properties in Northern Virginia, call me at 703.927.4554
Thanks for stopping by,
Michael
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