Northern Virginia Homes Guide & Blog

It's July 1st-- Halfway Thru 2010 & Time to Take Account

Already we have made it through six months of 2010.  Unbelievable?  Are you on track to meet and exceed your 2010 goals? 

Goals? What goals? If you haven't tracked your course, this may be a great time.  Six-(6)- months remain in 2010.  Set your goal(s) and go for it (them).  Personal goals, healthy goals, business goals...there's no limit.  A very significant aspect about today (July 1st) is that it's a perfect time to review and re-assess.

One of the keys to goal setting is to put your plans in writing.  Then, regularly review.  A fun way to achieve 100% (or higher) is to really envision this event (your goal, your plan) happening.  Fast Forward.  See yourself there.  Six months remain--Go For It.

(Article content solely that of Dan Bonner.)

      

Mortgage Rates Continue to Drop -MBA Survey for Week Ending June 25th; Avg. Rate is at 4.67%; Refinance Activity Now at a Volume of 76.8% of Total Mortgage Weekly Activity

The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates): 

30 Year Fixed Interest Rate = 4.67 %
15 Year Fixed Interest Rate = 4.06 %
1 Year Adjustable Rate Mortgage = 7.05 %

Source: Mortgage Bankers Association (MBA)

The level of refinance activity was reported to be at 76.8 % 
of the total activity for the weekly survey.  The level of
refinance activity for week ending June 18th was 73.8 %.

Mortgage Calculator Link

Real Estate Sales Across the Old Dominion for the 1st Quarter 2010 is Positive- Here's Why

The Virginia Association of REALTORS has analyzed the data for home sales in Virginia during the quarter concluded at the end of March (2010) and have identified 6 Facts why Virginia's real estate markets are moving ahead.

 

Please click on photo to enlarge.

(source: Virginia Association of REALTORS)

Mortgage Rates Drop Again in MBA Survey for Week Ending -June 18th; Avg. Rate is at 4.75%; Refinance Activity Now at a Volume of 73.8% of Total Mortgage Weekly Activity

The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates): 

30 Year Fixed Interest Rate = 4.75 %
15 Year Fixed Interest Rate = 4.19 %
1 Year Adjustable Rate Mortgage = 7.05 %

Source: Mortgage Bankers Association (MBA)

The level of refinance activity was reported to be at 73.8 % 
of the total activity for the weekly survey.  The level of
refinance activity for week ending June 11th was 74.8 %.

Mortgage Calculator Link

Weekly Residential Housing Stats for Northern Virginia- Traditional Re-Sale Listings at 71%- for Week Ending June 19th

For the week of June 13th thru June 19th, 2010, the unofficial number of residential properties listed in northern Virginia (data by Metropolitan Regional Information Systems) was 751.  With an interest in understanding market trends, it is significant to note that the make-up of traditional re-sales versus short-sales (pre-foreclosures) versus bank-owned listings in our area is currently concentrated in traditional re-sales.

Traditional Property Listings  : 533; 70.95 % of total;
Short-Sales (pre-foreclosures): 122; 16.25 %;
    Bank-Owned Foreclosures   :   96;   12.8 %.

The area includes: Alexandria, Arlington, Fairfax City, Fairfax County, Falls Church, Manassas City, Manassas Park, and Prince William County.

This is a weekly real estate market update by Dan Bonner, licensed Virginia Associate Broker and member, MRIS.
copyright 2010, Dan Bonner, Inc.

Subscribe to this blog's feed.  You'll always get the "latest" content.
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Mortgage Rates Edge Up Slightly in MBA Survey for Week Ending -June 11th; Avg. Rate is at 4.82%; Refinance Activity Now at a Volume of 74.8% of Total Mortgage Weekly Activity

The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates): 

30 Year Fixed Interest Rate = 4.82%
15 Year Fixed Interest Rate = 4.23%
1 Year Adjustable Rate Mortgage = 7.07%

Source: Mortgage Bankers Association (MBA)

The level of refinance activity was reported to be at 74.8 % 
of the total activity for the weekly survey.  The level of
refinance activity for week ending June 4th was 72.2 %.

Mortgage Calculator Link

Mid-June Lawn Notes - Your Lawn May Want Some Food

If you have a lawn that needs management and you're the manager, cool season tall fescue lawns may be wanting more food.  The summer choices for lawn fertilizer are few:  organics.  Most widely known is the product from Milwaukee known as Milorganite, a 6-2-0 product with 5.25% water-insoluble nitrogen and 4% iron. 

Recently, the selection of organics included a brand of chicken waste fertilizers, brand name "Cockadoodle DOO".  This is a 4% nitrogen product, 4-1-2 and 3% water-insoluble nitrogen.  However, you will not probably find this in retail stores this year, due to company ownership litigation matters
(I am told).

Inorganic fertilizers are to be avoided during the summer, since they generally will burn the lawn with excessive nitrogen and unwanted "trace" materials.

So, keeping the lawn green this summer is the challenge.  

[NOTE: Chemical make up has changed to 5% nitrogen, not 6% (as advertised in the company's marketing).]  

[Article content solely that of Dan Bonner, part-time gardener and horticulturist.] 

Flag Day - 2010

It's Flag Day!

Mortgage Rates Drop Slightly in MBA Survey for Week Ending -June 4th; Avg. Rate is at 4.81%; Refinance Activity Now at a Volume of 72.2% of Total Mortgage Weekly Activity

The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates): 

30 Year Fixed Interest Rate = 4.81%
15 Year Fixed Interest Rate = 4.26%
1 Year Adjustable Rate Mortgage = 6.94%

Source: Mortgage Bankers Association (MBA)

The level of refinance activity was reported to be at 72.2 % 
of the total activity for the weekly survey.  The level of
refinance activity for week ending May 28th was 73.8 %.

Mortgage Calculator Link

Weekly Residential Housing Stats for Northern Virginia- Traditional Re-Sale Listings at 70.1%- Week Ending May 29th

For the week of May 23rd thru May 29th, 2010, the unofficial number of residential properties listed in northern Virginia (data by Metropolitan Regional Information Systems) was 663.  With an interest in understanding market trends, it is significant to note that the make-up of traditional re-sales versus short-sales (pre-foreclosures) versus bank-owned listings in our area is currently concentrated in traditional re-sales.

Traditional Property Listings  : 465; 70.1% of total;
Short-Sales (pre-foreclosures): 138; 20.9%;
    Bank-Owned Foreclosures   :   60;   9.0%.

The area includes: Alexandria, Arlington, Fairfax City, Fairfax County, Falls Church, Manassas City, Manassas Park, and Prince William County.

This is a weekly real estate market update by Dan Bonner, licensed Virginia Associate Broker and member, MRIS.
copyright 2010, Dan Bonner, Inc.

Subscribe to this blog's feed.  You'll always get the "latest" content.
It's E-A-S-Y.