Welcome to Ritu Desai- Top Producer Realtor in Northern Virginia Sign in | Help

March 2007 - Posts

Friday, March 30, 2007 8:36 PM

30-Year Mortgage Rate Holds Steady

While the 30-year fixed mortgage rate held at 6.16 percent this week, Freddie Mac reports a dip in the 15-year fixed rate to 5.86 percent from 5.9 percent a week ago. The five-year adjustable rate fell to 5.88 percent from 5.91 percent, but the one-year
Posted by Ritu Desai | 0 Comments
Thursday, March 29, 2007 9:30 PM

Home Warranty

We often see on the real estate sign post "Free Home Warranty". As a first time home buyer or even a savvy buyer may not know what it is and why would they need one. A Home Warranty is Not Hazard Insurance Don't confuse a home warranty with
Posted by Ritu Desai | 0 Comments
Filed under:
Tuesday, March 27, 2007 9:41 PM

Claude Moore Park Recreation Center

Much awaited Claude Moore Recreation center in Loudoun county/ Sterling will open on March 31st for the resident. It has Latest Fitness equipment including Cybex & Nautilus State-of-the-Art Rock Climbing Wall 50-Meter Competition Pool / Diving Boards
Posted by Ritu Desai | 0 Comments
Tuesday, March 27, 2007 9:09 PM

Drop in Sales Of New Homes

Sales of new homes plummeted in February for the second consecutive month, an unexpected drop that dashed hopes of an imminent recovery in the housing market. The Commerce Department reported yesterday that sales of new single-family houses dropped 3.9
Posted by Ritu Desai | 0 Comments
Wednesday, March 21, 2007 5:05 PM

Great Faifax County Location! brand new Ryan Homes Community

Builder Ryan homes recently did a ground breaking for a new community in Chantilly right off Centreville road. Minutes to to Rt. 28, Rt. 50, Fairfax County Parkway, Toll Road and I-66. They are offering 3 models : Hammond Upper $590's Sheridan Upper
Posted by Ritu Desai | 0 Comments
Monday, March 19, 2007 8:52 PM

FHA Comes to the Rescue Of the Credit-Challenged

With the subprime mortgage industry in free fall, where do home buyers with less-than-perfect credit turn for financing? The news reports are grim. Dozens of subprime lenders closed their doors or cut back sharply on new mortgage offerings. Lenders are
Posted by Ritu Desai | 0 Comments
Thursday, March 15, 2007 8:02 PM

Numbers Don't Lie, But They Do Confuse

With all the conflicting reports on housing prices and the direction of the market, you might ask: What's really going on out there? If, as the National Association of Realtors reported last month, the median price of an existing home nationwide fell
Posted by Ritu Desai | 0 Comments
Monday, March 12, 2007 11:57 AM

The Fairfax County board approved new project

A development of up to 720 apartments and stores on a 15-acre parking lot at the Dunn Loring-Merrifield Metro station won unanimous approval yesterday from the Fairfax County Board of Supervisors. Read Article
Posted by Ritu Desai | 0 Comments
Monday, March 12, 2007 11:32 AM

Subprime Mortgages-What it means for you

We have heard various bubbles burst for past decade from stock, oil to real estate. Now the buzz word is lending industry and its mortgages. Banks and mortgage companies would sharply scale back lending to two groups: subprime and "Alt-A" borrowers.
Posted by Ritu Desai | 1 Comments
Friday, March 02, 2007 10:24 AM

Good or Bad NEWS - Property Assessments

When I received my tax bill I was not surprised that my primary resident assessment dropped significantly. My husband looked up to me and asked whether its a good news or bad news. With a pause I can understand its great news if you are not planning to
Posted by Ritu Desai | 0 Comments
Friday, March 02, 2007 10:20 AM

January New Home Sales Fall 16.6 Percent

According to the Washington Post article the sales of new U.S. homes fell 16.6 percent in January and prices were little changed as the number of new homes on the market decreased slightly, according to a government report on Wednesday showing some weakness
Posted by Ritu Desai | 0 Comments