Single-family home activity remains strong across all of our markets as many buyers are hoping to lock in contracts before mortgage rates rise in the coming months. The National Association of Realtors® (NAR) reports mortgage rates are expected to continue to rise after the Federal Reserve’s announcement that it would taper its purchases of bonds and mortgage-backed securities. NAR has predicted the 30-year fixed-rate mortgage will likely average 3.6% by mid-2022.

Thinking of selling? Now is the time. MKJ Homes has an experienced real estate team to help you navigate the current challenging market whether you are buying or selling. Contact me (text, call, email) anytime for a consultation at mkjhomes@kw.com | 703.282.2840 | www.mkjhomes.com

 

Information provided by The Northern Virginia Association of Realtors® & Graphic sponsored by Ekko Title