30-year mortgages back above 5%

Washington Business Journal - by Jeff Clabaugh


Date: Thursday, February 10, 2011, 10:38am EST


Long-term mortgage rates continued to climb this week, with 30-year mortgages now back above 5 percent.
Freddie Mac says a 30-year fixed-rate mortgage averaged 5.05 percent in the week ending Feb. 10, up from 4.81 percent last week and the highest since April 2010. A 15-year fix averaged 4.29 percent, up from 4.08 percent last week.Adjustable rate mortgages also rose, with the average rate on a one-year adjustable-rate mortgage at 3.35 percent.
Read more: 30-year mortgages back above 5%
Washington Business Journal

Read more: 30-year mortgages back above 5%
Washington Business Journal

White Flint, An extension of the 355 Corridor?

White Flint 2020 = Ballston 1990

Posted by Lydia DePillis on Jan. 28, 2011 at 5:46 pm

Like a suburban string of pearls. (Delta Associates)

Is Wisconsin Avenue a "Corridor"? Not yet, in the sense of having nodes of walkable residential town centers strung together by fairly continuous commercial development. Few office tenants would think of White Flint, Maryland as a viable alternative to Bethesda or Chevy Chase, which are favored by retail, restaurants, proximity to D.C., nice public spaces, and lots of high-quality housing stock.
Delta Associates, the folks who bring you detailed reports every quarter on the area's economic fortunes, think all that will change with the redevelopment of the White Flint. The whole point of the town's award-winning sector plan is to create more of a "there" there, but Delta takes a more linear view in a new white paper, forecasting White Flint's future relative to its wealthy neighbors to the south.

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