Market News
Mortgage Rates Fall Below 3% Again—but Rising Prices Mean That Home Buyers Shouldn’t Expect Savings
Home buyers are seeing a break from rising mortgage rates as the bond market finds its equilibrium, but that doesn’t mean most Americans will save money when they purchase property. The 30-year fixed-rate mortgage averaged 2.98% for th...
Fairfax officials go high-tech in reporting developments in Tysons
Development continues apace in Tysons, and Fairfax County officials have supplanted their previous 200-page printed annual report with an interactive, electronic version to keep the public informed of the latest happenings. The new Web-b...
Daily Mortgage Rates Drop | November 2, 2021
The average rate for a 30-year fixed-rate mortgage is down to 3.477% today. That's a 0.056 percentage point decline from Monday. The 30-year refinance rate is also lower today at 3.549%. Rates remain historically low. Well-qualified borr...
Construction on New Homes Slows as Supply-Chain Woes Hit the Housing Market
The numbers: New construction slows down U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.56 million in September, representing a 1.6% decrease from the previous month, the U.S. Census Bureau rep...
Market Statistics: September 2021
View Home Sales Report Here View the Press Release Here
Mortgage Rates Jump Above 3%, Creating Pressure for Home Buyers
Mortgage rates rose above 3% for the first time since the beginning of July—and home buyers could feel the crunch. The 30-year fixed-rate mortgage averaged 3.01% for the week ending Sept. 30, up 23 basis points from the previous week, ...
Mortgage Rates Slide Over the Weekend | October 4, 2021
The average rate for a 30-year fixed-rate mortgage is starting the week at 3.372%, a drop of 0.062 percentage points from last week. Most other loan categories also saw rates slide. The exception was the 5/1 adjustable-rate mortgage, which ...
New-Home Sales Turn Higher, Despite Record Prices
The numbers: Sales of new homes in the U.S. rose in August, as the market for newly constructed buildings continues to show signs of stabilization after months of declines. U.S. new-home sales increased 1.5% to an annual rate of 740,000...