Posts Tagged with house for sale
Richmond, VA 23224 MLS #1129428 $145,900
Listing Agent David Pollard
(804) 372-3440 - Cell Property Details Well maintained move in ready and priced to sell brick ranch, nice living room and private den with fireplace that could be used as fourth bedroom or guest room. Great yard with room for a garden in back. Enjoy the outdoors from the bright sun room in back. Newer vinyl thermal windows. Has a detached 20 x 14 1 car garage with a 16 x 14 storage area and a car port Acres 0.2882 Stories 1.0 Year Built 1966 Total Square Feet 1584 Community & Schools Post Office Richmond Subdivision Marlboro Elementary School Chalkley Junior High School Manchester High School Manchester Interior Features Interior Eat-In-Kitchen Number of Rooms 6 Number of Bedrooms 3 Full Baths 1 Half Baths 1 Total Baths 1.1 Basement No Basement Description Crawl Space Attic Pull Down Floors Carpet-W-W,Vinyl Wall Type Drywall Fireplaces 1 Fireplace Description Brick,Gas Full Baths on level 1 1 Half Baths on level 1 1 Family Room Description Den with fireplace Family Room Length 15 Family Room Level 1 Family Room Width 12 Florida Room Description Sliders 3 way around Florida Room Length 17 Florida Room Level 1 Florida Room Width 10 Kitchen Description Eat in Kitchen Length 13 Kitchen Level 1 Kitchen Width 11 Laundry Room Length 11 Laundry Room Width 10 Living Room Level 1 Master Bedroom Length 13 Master Bedroom Level 1 Master Bedroom Width 9 Exterior Features Exterior Awnings Roof Shingled Porch Glass Appliances & Utilites Cooling System Central Air Heat Source Oil Heat System Forced Hot Air Water Heater Electric Sewer Public Sewer,Public Water Appliances Dishwasher,Countertop Range,Oven,Refrigerator Financial Details Tax Year 2011 Taxes 1331.9 Miscellaneous Details Garage Yes Garage Spaces 1 Garage Description Detached Pool No Possesion At Closing Structure Brick,Block Zoning R7 Parking Off Street,Paved Driveway Style Ranch Map & Directions From Chippenham Pkwy, West on Hull St Rd.
Great article by Mattew Graham on the current state of the market as of 10/17/2011
Volatility worked agains us on Friday, but in our favor today. After being pushed to the edge of their recent range on Friday, Mortgage Rates eased back slightly lower to begin this week. There's been a bit of ping-pong going on as Best-Execution vacillates between 4.125 and 4.25.
Today's improvement brings Best-Ex solidly down to 4.125%, but it should be noted that pricing varies quite a bit from lender to lender right now.
Today's Rates:BESTEXECUTION 30YR FIXED - 4.125% - lots of variation in both directions FHA/VA - 3.75%. Some higher. 15 YEAR FIXED- Mostly 3.5%. + or - .125% 5 YEAR ARMS - low 3% range, variations from lender to lender.
Ongoing Guidance At 4.25% Best-Execution Levels: you can approach the upcoming days in one of two ways: either rates will continue higher, and the general range of rates would be 4.25-4.75% in terms of Best-Execution, OR we've hit a wall of sorts, and can either bounce lower or hold steady. The more days you wait to determine this, the more money you'll lose if the first scenario plays out and the more you'd gain if the second scenario plays out. If rates don't look like they're holding steady or improving by the end of this week, we'd be locking everything (and fairly close to that sentiment already, but feel it's at least one day too soon to say for sure).
New Guidance: Today's improvements put us in roughly the same situation we were in last Thursday. And so the same guidance essentially applies: "we talked about being close to 4.25% and potentially locking at a loss if things worsened today. But now that things have improved, what do you do if you picked up an eighth of a percent improvement in rate?" There are two ways to approach this... Either you cash in your gains, lock, and move on or you float to see if you can get an extra eighth and resolve to lock if rates rise back to 4.25% Best-Execution levels. There are all sorts of caveats for this (as always), including but not limited to the fact that any mention of floating really only applies to those scenarios who are flexible enough to run the risk of paying more closing costs, a higher rate, or potentially losing a deal altogether. All others shouldn't really try to beat the market when rates are as close as they are to all time lows.