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.
- 1322 Fort Myer Dr #921, Arlington, VA 22209 – $230,000
- 4201 Lee Hwy #306, Arlington, VA 22207 – $272,000
- 1301 Courthouse Rd #1411, Arlington, VA 22201 – $374,000
- 2406 S Walter Reed Dr #4, Arlington, VA 22206 – $475,500
- 1241 Nash St N #1, Arlington, VA 22209 – $495,000
- 1020 Highland St #610, Arlington, VA 22201 – $619,900
- 2013 Lynn St S, Arlington, VA 22202 – $1,050,000
- 2552 23rd Rd N, Arlington, VA 22207 – $2,650,000
When Hamid Habib Zada and Negin Khwalpak fled Afghanistan with their daughter Maram two years ago in hopes of escaping the Taliban, all they brought to America was a backpack…
Interested in Italian wine? Join the Arrowine team this Sunday, June 11 to learn and taste wines from Italy’s most prestigious regions.
When the pandemic hit, Arlington resident Matt White, like many others, could not get a haircut. He noticed his hair grew quickly and, rather than cut it, he decided to…
As your senator, I promised to bolster public education, make health care more affordable, pass climate change policies and make Virginia safer with common-sense gun safety measures.
Camps are just the beginning of what’s in store at Art House 7 this summer. We’re thrilled to offer an array of exciting classes for both kids and adults!Rediscover your creativity with some of our AH7 favorites, such as drawing, hand-sewing, modern embroidery, and our popular 3-week Jump into Crochet classes. But that’s not all! We’ve added some fresh and exciting options to our summer class selection, guaranteed to spark your imagination.
To enhance your artistic journey, we have intensified some of our Ceramics: The Wheel classes to a full 3-hour duration. This extended time allows for more creativity and skill development in each class session. If you’re eager for a captivating twist, give Contemporary Still-Life Drawing & Painting a go. Or why not try an immersive outdoor painting adventure? We have a unique opportunity for you to bring your painting skills to life while learning and creating in the great outdoors with our Landscape Painting: Studio and Plein Air class!
We invite you to visit our website and explore our full Summer Session schedule, brimming with a diverse range of classes and camps. Classes and camps begin June 20th. Unleash your inner artist, broaden your horizons, and embark on a summer adventure like no other. Let’s make this a summer to remember at Art House 7!
🌿 𝐄𝐦𝐞𝐫𝐚𝐥𝐝 𝐌𝐚𝐬𝐬𝐚𝐠𝐞 𝐂𝐞𝐧𝐭𝐞𝐫: 𝐑𝐞𝐣𝐮𝐯𝐞𝐧𝐚𝐭𝐞 𝐘𝐨𝐮𝐫 𝐁𝐨𝐝𝐲 𝐚𝐧𝐝 𝐒𝐨𝐮𝐥 🌿 Local business is the heart of a strong community, and at Emerald Massage Center, we’re proud to be a vital part of that heartbeat. Our passionate team of Licensed Massage Therapists is dedicated to providing you with a sanctuary of relaxation, rejuvenation, and renewal.
🌟 𝐖𝐡𝐚𝐭 𝐖𝐞 𝐎𝐟𝐟𝐞𝐫 🌟
Our wide range of massage services includes Swedish, deep tissue, prenatal, sports massage, hot stone, aromatherapy, and more — all tailored to your individual needs. Whether you’re seeking relief from stress, muscle tension, or chronic pain, our skilled therapists will help you achieve total wellness.
🏆 𝐎𝐮𝐫 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 🏆
Homebuying 102: Contract Closing and Beyond
You’ve found the perfect house and you’re under contract, now what? Navigating the closing process can be daunting, but it doesn’t have to be.
Join ACFCU’s mortgage loan officers on June 21 at 5:30pm for part two in our first-time
Our archery classes start with the Explore Archery program. This is a six week course, with 60 minute classes for new archers ages 8 to 12.
Our indoor archery program is fun, rewarding and developmentally progressive. These classes are focused