If you need the name of a banker or broker, please ask for the Melman and Molik referral list. As such, the speculation regarding the Fed s meeting at the end of June is turning away from an additional half point increase, with many market watchers suggesting that rates may stay level over the summer. This would be great news for homebuyers, many who have seem some of their purchasing power erode or lost confidence in the face of rising rates and rising prices. Our thoughts, however, is that we will see an additional quarter point increase before the summer is out. While ARMs will remain popular, many lenders are also totting rate buy-downs, where a point at time of settlement will bring the mortgage rate down more than a point for each of the first two years.
Nothing says summer like music under the stars.
And there is perhaps no better place to see live music in the area than Wolf Trap. In the coming dates, our pick would be the Indigo Girls on June 7 th and 8 th . This year, the duo will be accompanied by a full band, which will provide a nice contrast to their recent acoustical tour. The NSO has announced that the Mellon House will be the next designer showhouse. Located at 3055 Whitehaven St NW, Mellon used the home to display part of his art collection, much of which is now at the national gallery.