Our New Blog

Friends of Potomac Overlook -

* 24th Annual Potomac Overlook Open House - Sunday, May 3, 1 - 4 PM.

Don't miss this wonderful springtime tradition! Fun activities and exhibits for all ages - live music, games, food, a juggler, community exhibits, art, maypole dance, ribbon cutting for Potomac Overlook's energy education

renovation, guided energy tours, wood mill demonstration and more! Please

join us, and tell your friends and family! (Pass on this e-mail).

* Yard sale items to benefit park - stop by the park on a Saturday (10-5)

or Sunday (1-5) between now and open house and pick up a book, small furniture piece or other odds and ends for a very small price (or a larger donation for our nature center renovation if you like). We are entering the home stretch of our renovation process and are finding that we have more furnature and books than we could possibly need! Come pick up a few items and help us fund our endeavors at the same time...

Rich Bailey

Naturalist

Call 703-528-5406 if you have any questions!

Although no one can know what's going to happen in the future, particularly as it applies to the government, as of today, April 5, 2009, the treasury has bought about $250 billion in mortgage backed securities under their program to help depress mortgage rates and free up new money.  That is what is causing these low mortgage rates.

They just started this about three weeks ago, with a total of $750 billion allocated for this program, meaning that 1/3rd is already used up just a few weeks into the program. Once that money is gone, we would expect the lenders to start raising mortage rates again, after all, they're in the business of making money.

Calculating things out, people have about another 6 weeks at this pace before the short is over, and if rates start rising after that, people who have been playing the "limbo of mortgage rates," waiting to see how low they will go, will have missed the bottom.

If you want to know more about the market in Northern Virginia, give us a call.