Northern Virginia Real Estate

Northern Virginia - The Fed Has Spoken

     We know you have more important things to do than to tune into CNBC at 2:15 on a day when the Federal Reserve decides whether to raise or lower interest rates.  So we do this for you.  The Federal Reserve has decided to leave interest rates unchanged, not to raise rates or lower them.  What does this mean for you if you are looking for Northern Virginia Real Estate in Leesburg, Ashburn, Warrenton, Manassas, or McLean Virginia?  It means that you can relax about being surprised with a higher interest rate or qualifying for that loan.  Even the stock market saw nearly a 160 point jump with the news from the Federal Reserve Board.  If you are considering buying a home in Northern Virginia in either Loudoun County, Fairfax County, Fauquier County, or Prince William County, we invite you to get to know us on a "First Name" basis for all of your Real Estate Needs!

Northern Virginia Real Estate Group, Keller Williams Realty
Steve Leiby, Managing Agent

Direct: 571 594 1231   Email

Federal Reserve Rates Remains Unchanged

The Federal Reserve today unanamously voted to keep the Feds Fund Rate Unchanged.  This means that the FED RATE  will remain at 5.25%.  The Federal Reserve also statated that stabilization has set into the housing market. 

     With regards to inflation, te Federal Reserve also feels that inflations presures have stablilized.  Even with the SOLID FIRM ECONIOMIC GROWTH the Federal Reserve feels its managiable.  This decision helped in keeping the 10 year yield below 5%.  Even with an increase in the economy with a GDP of 3.5% the Fed feels comfprtable with NOT rasing rates even with the economy growing this fast. 

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Northern Virginia Real Estate   Loudoun County Real Estate  Fairfax County Real Estate



Steve Leiby, Managing Agent, Northern Virginia Real Estate Group, LLC

Call Us: 571 594 1231

What is the Fed Funds Rate And Why Should I care

     So what is a Fed Funds Rate? Why should you care? 

     The Fed Funds Target Rate is America's most important as well as the bench mark for interest rates.  This is the Key Interest Rate for the United States.  This rate is what banks charge one another.  Rest assured you pay a little more then this whenever you require a loan for a home.  This is why it is very important to keep track of this rate whenever you are considering buying a new home in Northern Virginia, or more specifically, Loudoun County, Virginia, or Fairfax County VIrginia. 

The current Rate is 5.25%   To see a review a historical chart of the Fed Funds Rate click on the link which is brought to you by the Money Cafe.

What are BASIS POINTS?  Basis points equate to 1/100 0f a percentage point.  So when you hear that the Federal Reserve raised or lowerd the Fed Funds Rate by 25 basis points, this is just FED SPEAK for we raised or lowered the KEY Interests Rate Indicator by a 1/4 quarter percent. 

Why should I care?  The Fed Funds Rate is a huge factor when lenders determine whether you can qualify for a particular loan, loan and or loan amount when you are ready to refinance or get approval for a loan on a new home.  A single quarter point or 25 basis points can equate to thousands or even tens of thousands of dollars during the life of a loan.  It can also make a difference whether you are approved or not so dont take it lightly when you hear that the Federal Reserve has raised rates by 25 basis points.  Now you know.   

The Northern Virginia Real Estate Group, LLC believes in educating it's current and future clients.

Buying, Selling, or Relocating, we specialize in Northern Virginia Real Estate 

We invite you to get to know us on a "First Name" basis for ALL of your Real Estate Needs!

We invite you to visit any one of our current websites to find your next home in Northern Virginia.

Looking to buy or sell a home in Fairfax County, Virginia? Click on the link to go to our Fairfax website.  Looking to buy or sell a home in Loudoun County Virginia? Click on the link to go to our Loudoun Website. 

Our websites for Prince William County, Clarke County, Warren County, Frederick County, Arlington County, Fauquier County  are soon to come with Prince William County to launch we hope in early February. 

Steve Leiby, Managing Agent
Northern Virgina Real Estate Group, LLC
Keller Williams Realty, Leesburg
Direct: 571 594 - 1231

"Substantial" Is The Last Word From The Federal Reserve For 2006!

     For those of you who dont know, the Federal Reservre meets 8 times a year!  Today the Federal Reserve met for the last time in 2006, and kept rates unchanged at 5.25%.  The final word Ben Barnake, the Federal Reserve Chairmain, used with regard to the housing market  was the word  "substantial" with regards to the housing market slow down. 

     Chances are the Federal Reserve will not raise rates in the first quarter of 2007.  It is however to early to determine or predict if the Federal Reserve will lower rates the first quarter of 2007. 

     What does this mean for the Northern Virginia Real Estate Market?

     It seems we have finally reached our low with regards to the drop in home prices.  If you are in the market for a new home be it a resale or new home, you are definately in the drivers seat.  There is still lots of builder inventory out there and builders are feeling the pain like the rest of those trying to sell the home they already have.  Its a strong buyers market out there!  If you are considering buying or selling a home, we invite you to get to know us on a "first name" basis for all of your real estate needs! Buying or Selling we specialinze in Northern Virginia Real Estate!

Northern Virginia Real Estate Group, LLC Keller WIlliams Realty  571 594 1231