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.
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