Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.
The big news last week was the Federal Reserve meeting. The Fed did not raise the benchmark federal funds rate and indicated that interest rates would remain steady.
The Fed had previously announced after the December meeting that interest rates would be raised twice in 2019. What does that mean for the mortgage markets? Mortgage interest rates are actually more related to the 10-year U.S.
Treasury note than to the federal funds rate so the overall health of the economy will be a better predictor where mortgage rates will go. Economists have predicted interest rates in the mortgage markets to be between 5-6% by the end of 2019. For now, we can expect mortgage rates to remain low.
In the Tysons area, snow and cold days kept many people indoors so this is a great week to go out and find some great homes. Here are this week’s luxury for less homes:
- 9974 Stone Vale Drive Vienna (Reduced $25,000)
- 447 Seneca Road Great Falls (Reduced $47,000)
- 680 Springvale Road Great Falls (Reduced $100,000)
- 1800 Old Meadow Road Unit #108 McLean (Reduced $25,000)
- 1002 Utterback Store Road Great Falls (Reduced $25,000)
The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.
Fairfax County is the healthiest county in Virginia, according to the data platform Niche (staff photo by Angela Woolsey) Fairfax County fared well overall in recently released rankings of the…
A concept plan to redevelop the Merrifield at Dunn Loring Station apartments (via Fairfax County) Redevelopment proposals in the Merrifield area will likely get high-priority consideration by Fairfax County planners,…
Fairfax County Public Schools (file photo) Fairfax County high school students will soon have access to free mental health services. Starting April 10, Hazel Health will provide students with weekly…
Metro is retrofitting its new fare gates with taller doors intended to prevent fare evasion (via WMATA) Saloon-style doors are coming to the Vienna Metro station’s fare gates. The Orange…