Home Sales Up 8%, Prices Up 3% in Harrisonburg, Rockingham County
Seven months into 2012, the Harrisonburg and Rockingham County housing market is showing signs of steady improvement in the pace and price of home sales. Click here to…
What will I need to provide when applying for a mortgage?
Here is a comprehensive list from Jon Ischinger at Wells Fargo Home Mortgage of the items you'll need to provide when applying for a mortgage. A check to Wells Fargo for…
Mortgage interest rates continue to do the limbo . . . how low CAN they go?
The average 30 year fixed mortgage interest rate is now below 3.5% -- and for that matter, has only been above 4% for one week this year. If you're buying, talk to your…
Summer, Fall best time to get low mortgage interest rate
Check out this interesting analysis from Dan Green, showing that interest rates are typically lowest in the summer and fall. Talk to a lender now if you're thinking of…
Mortgage Interest Rates Drop Yet Again
Yet another ALL TIME HISTORIC LOW. How low can they go? How about 3%? Can we get there??
To rent, or to buy a Harrisonburg townhouse
In meeting with a potential buyer of a City townhouse yesterday, we found ourselves comparing the opportunities in buying versus renting. RENT = $900/m. There are…
Your mortgage dollars are going further these days
If you were qualified to buy a nice house a year ago, you can likely buy an even nicer house now! Lower interest rates will allow you to buy a more expensive house and…
When Do Homes Close in Harrisonburg?
Inspired by Jim's analysis of the timing of closings in Charlottesville, I thought I'd take a look to see how many closings typically happen on each day of the month. The…
Six months into 2012, local housing market shows signs of steady improvement
BREAKING NEWS -- six months into 2012, home sales are up, prices are up, inventory is down, and mortgage interest rates are down! All of this spells good news for the…
Consider a shorter loan term when refinancing
I bet you thought rates were low on 30 year mortgages at 3.62%. How about a 15-year fixed rate mortgage at 2.89% -- now that is low! If you are refinancing your mortgage…
If (single family) home prices are about to head back up, then now is the time to...
As mentioned earlier this week, home prices may be ready to head back up. So, if you have been waiting to buy until you were confident about the future of the market…
June 2012 Housing Market Update: Sales Up 6%, Prices Up 7%
The Harrisonburg and Rockingham County home sales market is roaring through 2012 through, likely due to low mortgage interest rates and low local unemployment levels…