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Merry Christmas and happy holidays to all!

The holiday season hasn’t stopped home buyers this week. Some 39 homes were snatched up by buyers, while only 18 new listings came on the market this week before Christmas. Housing demand in Arlington remains strong and steady.

The big news is that interest rates continue to surge, increasing by 16 basis points just this week. The 30-yr fixed rate rose to 4.41%. Long term interest rates like mortgages are influenced by the yield on the US Treasury 10-yr bond, and that yield rose this week on more news of a strengthening economy. The latest revision this week of economic growth for the 3rd quarter puts the GDP at 3.5%.

So investor money has moved away from US treasuries and into the stock market. There’s also been a drop off of international investor money flowing in to treasuries which has pushed the yield up. We can expect this trend to continue into 2017. So we should see mortgage rates to continue a slow steady rise into next year. For would-be homebuyers, the lesson is clear. Ratify a contract the soonest possible so you can lock in your interest rate before rates climb any higher.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

Recent Stories

Arlington’s fire and police unions are poised to lose a battle to change the pay scale the county uses — one that union representatives say contributes to ongoing staffing shortages….

Shop local this holiday season at the Winter Bazaar taking place Saturday, December 17-18.

It does not appear that the Asian-inspired restaurant Wagamama will be opening in Clarendon anytime soon. Back in March, the London-based chain with more than 200 locations in 27 countries…

Arts Focus highlights LAC Studios craft show and sale this Saturday, December 3 where you can shop local for one-of-a-kind gifts.

Grab some friends and sign up for Parks & Rec’s Eugene J. Green Memorial Winter Basketball League! Adults 18+ can register teams of up to 12 people for the ten-game season. Cost is $765 per team. Games are Mondays and/or Wednesdays at Arlington Mill Community Center starting the week of Jan. 4. Sign up here by Dec. 11.

Submit your own Announcement here.

National Chamber Ensemble – Holiday Cheer!

NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.

Outstanding Young Artist

Washington-Liberty Annual Holiday Bazaar

Join us Saturday December 3 from 10 to 4 p.m. at W-L High School, for this much anticipated Arlington holiday tradition! We will be featuring over 65 vendors for gift shopping, our student clubs and activities fundraising booths, and food


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