Nick Pakulla - Mortgage Lender Loan Officer in MD, DC, VA

Some encouraging mortgage headlines that all point for positive signs for the housing market in the coming months for buyers in Silver Spring and Bethesda Maryland, DC, and Virginia: 

• For buyers across the country and locally here in Bethesda MD, monthly payments based on median home prices and mortgage rates are now lower than they’ve been in 40 years!  Marketwatch.com http://bit.ly/o21FAN
• There is beginning to be a reversal in the trend towards renting in the Washington area – landlords have raised rents an average of 3.7% per year since 2006, low mortgage rates and home prices are driving purchases for young professionals: Washington Post http://wapo.st/o7AyFa
• Up to 2 million people are waiting to jump into the housing market in the next 2 years, and the typical American still places a high value on home ownership: http://bit.ly/peqpOz  

In other news the Senate voted late last night to restore the high-balance loan limits ($729,750) through 2013 and the vote passed 60-38.  This still needs to go to the House of Representatives, but will be positive for the DC Metro area, especially places like Bethesda and Silver Spring.  Wall Street Journal http://on.wsj.com/pVnppa    

Mortgage Rates continue to bounce near all time lows! 

Have a great weekend!  Keep us in mind for your next buyer, with our in-office operations and appraisal system our loan packages arrive to the title company days before settlement.  301-585-7283