Housing Industry Strong per Freddie Mac

Mr. Nothaft, Freddie Mac chief economist is confident.

"The housing industry remains fundamentally fit as we move into the spring buying season."

Bobbi Dickerson, Preferred Mortgage

Alexandria Schools

Learn more about our Alexandria Schools!
~Washington Post, 3/27/06

Open House Sunday!

Come and see this beautiful 4 level, 3 bedroom townhouse in Cameron Station.
Open Sunday 1pm-4pm.

Welcome Home!

Welcome Home David and Rosemary! Enjoy your new townhouse and life here in the Metro DC area. Thank you for your business!
~Jill

Market Rates

Rates from week ending March 9th:
30yr fixed: 6.37%
15yr fixed: 6%
5/1 ARM: 6.03%

No Bursting Bubble according to Fed

Not to Worry!

The U.S. housing market should remain strong in 2006, and there is no national real-estate bubble that's about to burst, according to St. Louis Fed President William Poole just last week.

Housing Outlook, "Washington Post.com"

Alexandria City
Arlington County
Fairfax County
Loudon County
Washington DC
WashingtonPost.com, March 7, 2006

2 Townhouses for Rent!

2 large townhouses for rent in Alexandria.
Both are $1795/mo, located off of Sherwood/Rt 1 near Mt Vernon Hospital and about 4.5 miles from Old Town.
Both are 3 levels, 3 bedrooms with daylight basements and fenced yards.
One has 3.5 baths, the other has 2.5 with a deck off the kitchen.
Contact me for more information!
jstoltzfoos@cbmove.com
703-201-2222

Freddie Mac's Take on Mortgage Rates

Market Summary
Once again, the tenor of the economic news for last week was generally positive. For starters, the rates for most mortgages - except the 5/1 ARM, eased just a bit for the first time in five weeks. Freddie Mac's chief economist, Frank Nothaft, offered some insight on the reversal. He said, "Tame core inflation figures and market confidence that the Fed will continue to keep inflation low kept mortgage rates in check this week. Over the long term, we expect mortgage rates will bounce back and forth a bit, remaining near current levels."

Bobbi Dickerson, Preferred Mortgage.