Is the DC/MD/VA housing market slowing down? What sellers need to know this fall
For the last few weeks, I've been saying this market is shifting. The September numbers just came out, and they confirm it. If you're thinking about selling your home, or you're already on the market, here's what's happening and what to do about it. Is the DC housing market slowing down? Yes. In Sep
Should you pay to extend your mortgage rate lock? What to do when your closing gets delayed.
Rates jumped this week. On October 1, Freddie Mac's average 30-year fixed rate hit 7.28%, up from 7.03% the week before. That's the biggest one-week jump since October 2022. If you're under contract right now, that jump matters most if your closing gets pushed back. When does your rate get locked? M
Rates are above 7%. Is renting a better option?
Mortgage rates hit 7.40% on October 8, according to Freddie Mac. That's the highest since November 2023. When rates climb like that, a lot of renters decide buying is off the table for now. Before you make that call, there's one number worth checking first. What is the price-to-rent ratio? Take the
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