Buy Alexandria Real Estate: Less than Five!

Alexandria Virginia Real Estate Blog

Less than Five!

Many years ago, there was a movie called "Less than Zero."  It starred Andrew McCarthy and Robert Downey, Jr.  To be honest, I bring this up for no other reason except to put the title of this blog post in context.  I'm not even sure that I saw this 1987 movie and if I did, it obviously did not make that much of an impression.

More importantly, and to the point:

Mortgage interest rates on 30 year loans


Less than Five!

Less Than Five

In a rate sheet sent to me today by one of my favorite Bank of America loan officers, a conforming 30 year fixed rate loan has a rate of 4.875%.  The 15 year fixed rate is at 4.25%.  Conforming jumbo loans are at a rate of 4.75% with one point.

Folks, these are great rates!  Let me say that again.  These are great rates!

Historic.  Epic,  Phenomenal.  Awesome.

Get a mortgage and buy a home!

I can refer you to some great mortgage lenders (and of course help you find your next home).

Oh, and please let me know what you thought about the movie "Less than Zero" if you've seen it.  I've got room on my Netflix queue if it's good.


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Comment balloon 2 commentsBrian Block • May 28 2010 02:18PM


Hi Brian ~ I'm blown away by how great rates are.  Boy will people miss them - and kick themselves - when they're gone.


Posted by Elizabeth Bolton, Cambridge MA Realtor (RE/MAX Destiny Real Estate Cambridge, MA) about 8 years ago

Gee.  Is < 5% good?  Maybe I should wait?

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) about 8 years ago