Rural Loudoun
On the outskirts of eastern Loudoun’s highly populated areas such as Ashburn, Leesburg, and Chantilly, you will find some of the most beautiful land that Virginia has to offer. If you are not concerned with a commute time and prefer more privacy than community, Rural Loudoun may be perfect for you.
Rural Loudoun Areas To Consider…
Luckets
Waterford
Purcellville
Hamilton
Round Hill
Aldie
Middleburg
If You Could Sell Your Home Today… What Would You Do???
March 15th, 2010 Categories: For Fun, Sellers
I often consider what I would do if I was no longer tied to my Ashburn town home, which has quickly become too small with the birth of a miniature human. I wonder what you would do if you were free your mortgage today? I look forward to seeing the results!
A Short Video On How I Sell Homes In Northern VA!
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Could The Ashburn Village Sports Pavillion Get Renovated?
March 12th, 2010 Categories: Ashburn Village
Ashburn Village is one of the largest communities in all of Northern VA with the sports pavilion as the focal point. If you have driven down Ashburn Village Blvd. then there is no way you missed you. The Pavilion is around 32,000 square feet parked on a lake with an indoor pool, tennis courts, racquetball courts, gym, workout facilities, locker rooms, and more.
The pavilion is currently around 20 years old. However, there are major discussions in play for the pavillion to be renovated at the cost of around $22,000,000!!! The renovations would include providing more indoor swimming space, increased parking, better views, and possibly a bubble over an outdoor pool… There have been meetings for the community to express their views and see site plans. There will be another information meeting on March 23rd, 2010 at 6:30pm. There will be a proxy vote mailed out to all homeowners to vote on the renovation… Keep in mind that this renovation will include an increase in HOA fees.
For more information on the renovation click here.
More On Ashburn Village
All information is deemed reliable but should be verified for accuracy.
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Loudoun County Wins Again! Is This Good?
March 11th, 2010 Categories: Loudoun Neighborhoods
I guess winning is a good thing. You probably know that Loudoun County once again ranked as the richest county in the United States. Fairfax is number two.
Loudoun County families have a median income of $110,643 annually. The stats show that it is actually not the big metro cities that have the largest median incomes but the suburbs outside of those areas where people are most likely moving to have more space and possible a little more for their money. Six of the richest counties currently are based around the nations capital. Interesting…
Related Posts…
Loudoun County, Virginia
9 Of Loudoun’s Best Neighborhoods
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Whites Ferry In Leesburg, VA
March 10th, 2010 Categories: Loudoun County
I rarely travel in to Maryland. However, for those of you who have todo it on a daily basis know that there are only a couple of ways to get in to our bordering state which is only a short swim away.
This past weekend I travelled on the historical Whites Ferry in Leesburg, Virginia which is a cable ferry that connects Loudoun County with Poolesville, MD. I took a few photos to share with you. The quality is lacking since the camera on my phone is terrible. If you are looking for a short trip in car or on bike, this is a great route. The surrounding areas in VA and MD are fantastic!
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FED Update: $34 Billion Left To Spend! 4 Weeks To Go
March 9th, 2010 Categories: Mortgage News
Mortgage rates reversed course again during the week ended March 4th with the 30yr FX following below 5% according to Freddie Mac’s weekly survey (www.freddiemac.com). According to said survey the national average is 4.97% at .7pts. For first-time home buyers, the fourth quarter of 2009 was the third most affordable quarter since 1981 behind the first and second quarters of 2009.
At week ending last week the Federal Reserve reported a week purchase of $10 billion dollars worth of Agency mortgage backed securities (MBS). This represents a $1 billion decline from the previous three week average. The goal of the Federal Reserve’s agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally.
Since the inception of the program in January 2009, the Fed has spent $1.22 trillion in the agency MBS market, or 97.3 percent of the allocated $1.25 trillion, which is scheduled to run out at the end of this month. With four weeks left in the program there is now only $34.08 billion in funds remaining.
So far the gradual reduction in the Fed’s weekly purchases has been counterbalanced by the slowdown in new loan production. If remaining funds are spread out equally over the next 4 weeks, soon there will not be enough $$$ to offset average new loan production supply from originators (currently running under $2 billion per day).
***The Fed’s exit from the MBS purchase program has economists predicting the average 30yr Fixed Rate Conforming Mortgage to rise to 5.50%.
Thad Musser is a lender for First Savings Mortgage in Northern VA.
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