Virginia Real Estate

Newport News, VA - According to York County real estate agent Erin Melton with The Melton Team at RE/MAX Peninsula, potential Newport News Real Estate buyers may be wise to take advantage of historically low interest rates by purchasing a home now.

With rates at record lows, she says she's seen 30 year fixed rates as low as 4% recently. She says this could mean payments of only $1145 for a $300,000 home financed conventionally. Melton says the 15 year fixed rate is even lower, coming in at 3.25% in some cases.

"There's no question that this is a period of exceptionally low rates. Most mortgage professionals agree there is only one way for rates to go, and that is up."

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Newport News, VA - Newport News REALTOR Erin Melton launched a new local website that she says provides much more accurate York County VA real estate searches than the big national real estate websites. While several big real estate website brands get the most attention initially from prospective home buyers, Melton says they quickly find out that the information is less than timely.

"Over and over, clients come to me with a list of properties from one of the big name websites, and more often than not, the listing is stale. Someone else got to it first."

She says the best way to get fresh listings for York County homes, whether that's Newport News real estate or Yorktown VA waterfront homes, is to use a local website like http://tidehomes.com that gets its data directly from the MLS.

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