With our new year, we have reached new record low mortgage rates.
Many homeowners have refinanced, but there are still many who can take advantage of the low rates and lower monthly payments.
These lower interest rates will provide homebuyers an opportunity to purchase a home with record low rates and sometimes with a mortgage payment less than their rent. This can bring a little relief for homebuyers for the high home prices in Loudoun County.
Below is the Primary Mortgage Market Survey from Freddie Mac for the weekly averages as of 1/7/2021. These type of rates are available to people with great credit scores and who qualify for a mortgage.
Are you thinking of buying a home? It may be a good time to get moving forward and speak to a realtor about next steps before rates rise!