IncSmart Virginia (Small Business and Startups)
- Rates for home loans have fallen from 4.30 to 4.10 for 30 year fixed rate. They are predicted to rise to 4.5 by the end of 2017. Refinancing is about 45% of all mortgage applications. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 3.95 percent with an average 0.5 point. Sellers now have the upper hand in Virginia real estate market. At the national level, the time from a home being listed to a contract being ratified is becoming shorter. Homes that went to closing across the Old Dominion in April was 54 days on the market, down from 70 days a year before and better than at any time in 2016.
Freddie Mac makes home ownership possible for American families and individuals by providing mortgage capital to mortgage lenders since it's creation by Congress in 1970. The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, is a public government-sponsored enterprise.
By Sandy Roberts
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Virginia Corporations and Virginia Limited Liability Companies. When you call, email, instant message or live chat with our office, expect personal attention. We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
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