Interest rates have been a hot topic in the housing market, with many prospective buyers wondering if now is the right time to purchase a home. Realtor Mark Worrilow provides insight into the history of interest rates, their impact on homeownership, and why buyers shouldn’t be discouraged by the current rates.
A Historical Perspective on Interest Rates
Many buyers today are accustomed to the record-low interest rates seen between 2010 and 2021, where rates dipped below 5% and even reached historic lows of around 2.65%. However, when we look at the broader historical context, the current rates are still within a reasonable range.
- Over the last 30 years, the average interest rate has been approximately 4.1%.
- Between 2000 and 2008, rates hovered around 5.75% to 6%.
- Over the past 50 years, the median interest rate has been 7.37%.
- In the 1980s, interest rates were at an all-time high, even reaching 16-18%.
Comparing today’s rates to past decades, we see that while rates have risen from their pandemic-era lows, they are still lower than historical peaks. As Worrilow explains, “5.5% to 6% doesn’t look so bad when you consider that past generations bought homes at much higher rates and still saw long-term gains in home value.”
What Higher Rates Mean for Buyers
It’s natural for homebuyers to worry about affordability, especially when mortgage payments increase due to higher interest rates. For example, on a $500,000 loan, moving from 5.8% to 6.8% could add approximately $325 per month to a mortgage payment. While this increase is significant, it’s essential to look at the bigger picture.
Real estate remains a strong investment, historically appreciating home values over time. Buyers who enter the market now can benefit from future appreciation, even if they purchase at slightly higher rates.
The Refinancing Strategy: “Marry the Home, Rent the Interest Rate”
One common approach that Worrilow discusses is the ability to refinance in the future when rates drop. Many homeowners who bought in 2018 and 2019 at around 4.5% could refinance in 2020 and 2021 when rates fell to 2.96%. This approach allows buyers to secure a home they love now, knowing they may have the opportunity to lower their monthly payments in the future.
Why Buying Now Still Makes Sense
Despite concerns about interest rates, there are still many reasons to consider buying a home today:
- Homeownership Builds Wealth: Real estate remains one of the most stable long-term investments.
- Limited Housing Supply: Waiting for lower interest rates might not guarantee better affordability, as demand could increase prices.
- Personal Stability & Investment: Renting means paying someone else’s mortgage, while owning allows you to build equity and gain financial stability.
- Expert Guidance: Working with knowledgeable professionals like Mark Worrilow ensures buyers can navigate the market wisely and find the best opportunities.
Interest rates fluctuate, but homeownership remains a valuable investment. By working with an experienced realtor and lender, buyers can find smart ways to manage rates and secure their dream home. As Worrilow emphasizes, “If you find a great home that meets your needs, don’t let interest rates scare you away—there are always options to adjust in the future.”
Stay Ahead of the Market
Staying informed is key for those looking to buy or sell in Prince William, Stafford, Fredericksburg, or surrounding areas. If you’re ready to move and want expert guidance, connect with Mark Worrilow at Fathom Realty. With years of experience and a pulse on the latest market trends, he’s ready to help you navigate today’s dynamic real estate landscape. Call him – 703-244-8702.
Looking for a delicious and affordable lunch? Dixie Bones BBQ has you covered! From Monday through Thursday, 11 a.m. – 2:30 p.m., enjoy a BBQ sandwich with a side at a price that can’t be beaten.
- Pork Sandwich & Side – $9.95
- Chicken Sandwich & Side – $10.95
- Beef Sandwich & Side – $15.25
Whether you’re craving slow-smoked pulled pork, juicy chicken, or mouthwatering beef brisket, each meal is packed with the authentic, smoky flavors you love. Pair your sandwich with classic Southern sides like baked beans, collard greens, or coleslaw for the perfect midday feast.
Visit Dixie Bones BBQ in Woodbridge and enjoy a BBQ lunch that hits the spot!
Now Front Royal commuters can take our Front Royal-Washington (611) Express commuter route to the Pentagon and downtown D.C. for just $5.50 one way!
- Buses travel in the I-66 Express Lanes to bypass traffic and take the stress out of your commute.
- Click here to view the schedule and start planning your commute.
About OmniRide
OmniRide, operated by the Potomac and Rappahannock Transportation Commission (PRTC), provides safe, reliable, and convenient public transportation options for commuters and residents in Northern Virginia.
Offering express and local bus services, ridesharing programs, and paratransit options, OmniRide connects communities across Prince William County, Stafford County, and beyond to key destinations, including Washington, D.C., and major regional transit hubs. Committed to enhancing mobility and reducing congestion, OmniRide continues to innovate and expand its services to meet the needs of a growing region.
Learn more at OmniRide.com.
Nestled in the heart of Prince William County, the Brentsville Courthouse Historic Centre offers visitors a glimpse into the rich history of the region. Established in 1820, Brentsville served as the fourth county seat of Prince William County and remained a hub of legal, civic, and social activity for over 70 years. Today, the 28-acre site preserves the town’s legacy through restored historic buildings, engaging tours, and interactive programs.
Exploring the Historic Centre
Brentsville Courthouse Historic Centre features five significant structures that tell the story of the town’s evolution:
- Brentsville Courthouse (1822): Used for legal proceedings and civic meetings, the courthouse played a crucial role in county governance until the county seat moved to Manassas in 1893. Over the years, it also served as a school and a community center.
- Brentsville Jail (1822): Located just 30 yards from the courthouse, this structure housed inmates awaiting trial. The jail later became a dormitory for a teacher’s college before being restored as a museum.
- Brentsville One-Room Schoolhouse (1929-1944): This building educated local children in grades one through five during the segregation era. After its closure, it was repurposed as a community center, arcade, and office space before its restoration in 2012.
- Haislip-Hall Farmhouse (1850s): A restored example of middle-class farming life, the farmhouse was relocated to Brentsville in 2005 to preserve its history.
- Union Church (1880): Originally built to serve multiple Christian denominations, this charming historic church is now available for special events and rentals.
Interactive Experiences for Visitors
Brentsville Courthouse Historic Centre offers a variety of engaging activities for visitors of all ages:
- Self-Guided and Guided Tours: Explore the historic buildings Friday through Monday from 10 AM to 4 PM. Guided tours are available at 11 AM and 2 PM.
- Adventure Backpacks: Families can rent a Nature Backpack or History Backpack for interactive exploration. These backpacks include hands-on activities, scavenger hunts, and historical games for young visitors.
- Virtual 360° Tours: Tablets with virtual tours are available to provide accessibility for all visitors, offering narrated insights into the courthouse and other buildings.
- Brentsville Trail Guide: A mile-long nature trail offers a scenic walk along Broad Run, with a guide available for those interested in local wildlife and ecology.
Civil War and Brentsville’s Role
During the Civil War, Brentsville was a focal point for military activity. Confederate units formed here, and the town suffered damage from both Union and Confederate forces. The courthouse roof was partially torn off, and county records were taken as war souvenirs. Following the Battle of Bristoe Station in 1863, Brentsville served as a key location for Federal cavalry movements.
Visiting Brentsville Courthouse Historic Centre
- Location: 12229 Bristow Road, Bristow, Virginia 20136
- Hours: Open Friday-Monday, 10 a.m. – 4 p.m. (grounds open from dawn to dusk)
- Admission: $5 per person, free for children under six. Special program pricing varies.
- Contact: (703) 365-7895
Whether you are a history enthusiast, nature lover, or family looking for an educational outing, Brentsville Courthouse Historic Centre offers an unforgettable journey through Prince William County’s past. Plan your visit today!
The real estate market is competitive—are you equipped with the tools to stay ahead? At Fathom Realty Northern Virginia, we empower agents with industry-leading technology, seamless integrations, and real support to help you close more deals without the extra costs.
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Tech that works. Support that matters. Success that’s yours.
Join a brokerage that puts YOU first. Message me today to learn more about growing your real estate career with Fathom Realty Northern Virginia!
The wait is over! We’re excited to announce that Brookfield Residential’s new homes at Cascades at Embrey Mill, a 55+ active adult community in Stafford, Virginia, are now selling!
Modern Homes Designed for Your Lifestyle
Offering luxury townhome-style condominiums from the $400s, designed for both comfort and convenience, this is where your next chapter begins. Each home features a private elevator for ease, three generously sized bedrooms, a serene patio, a scenic balcony, and a one-car garage.
These open, elegant layouts are perfect for modern living — and ready for move-in this spring!
Relax, Play, and Connect in Style
Enjoy the 55+ private Cascades Clubhouse, featuring an event kitchen, a cozy fireplace lounge, yoga and weight rooms, and a game room. Step outside to the sundeck with outdoor grills, fire pits, and an oversized chess/checkers board, or break a sweat on the pickleball and bocce ball courts.
Residents also have access to all of Embrey Mill’s acclaimed amenities, including the Embrey House with its Grounds Bistro & Café, a fitness center, swimming pool, over 285 acres of parks and trails, dog parks, and playgrounds. Plus, Embrey Mill Town Center puts dining, shopping, and everyday conveniences just minutes away.
Start your next chapter today!
Visit our sales office, explore BrookfieldResidential.com, or call us at 540-534-4825 to learn more.
This year RSVP Catering is making it easier than ever to enjoy a luxurious Thanksgiving feast, delivered right to your door.
Whether you’re hosting an intimate gathering for five or a larger group of ten, we’ve got the perfect menu to suit your celebration. Reach out today, and we’ll ensure your Thanksgiving is effortless and delicious!
Customize your meal with our Thanksgiving Family Meal & Fixings option, where you can choose between an Herb-Roasted or Honey-Citrus Glazed Turkey, accompanied by four decadent sides. Enjoy our traditional favorites like Creamy Mashed Potatoes, Sage & Turkey Sausage Cornbread Stuffing, and Maple Sweet Potato Purée. Every order is thoughtfully prepared and includes our signature Turkey Gravy, Cranberry Orange Relish, and a selection of Homemade Rolls and Biscuits — ensuring your table is set for an unforgettable Thanksgiving.
Looking for something a bit more rustic for your potluck or gathering? Impress your guests with our Pomegranate Roasted Root Vegetables or the vibrant Fall Harvest Salad featuring Roasted Delicata Squash, Pickled Cranberries, and Cider Vinaigrette.
Of course, no Thanksgiving is complete without a hit at the kids’ table — our Ultimate Mac and Cheese is always a crowd-pleaser. When it’s time for dessert, why not skip the stress and savor the sweetness? Treat yourself to our homemade Pumpkin Chiffon Pie or Bourbon Pecan Pie, each one a perfect, mouthwatering finale to your holiday feast.
Orders must be placed by Friday, November 22nd, at 5 p.m., and we’ll deliver your feast—complete with heating instructions—up until 1 p.m. on Thanksgiving Day.
As December approaches, don’t forget that holiday entertaining is our specialty. Whether you’re planning an elegant office party or a cozy at-home celebration, RSVP Catering offers exquisite menus that are sure to impress.
Check out our Holiday Menu and contact us today to plan a festive event your guests will remember!
The holiday season is fast approaching and with Thanksgiving arriving later this month, December will be here before you know it. Before you’ve even packed away the turkey carving knife and gravy boat, it’ll be time to start planning your holiday party.
But don’t worry — contact RSVP Catering, and we’ll take care of all your holiday celebration needs!
The end of the year is full of festive celebrations, and whether you’re planning an intimate family gathering or an impressive company holiday party there’s a lot to consider, but with RSVP Catering by your side, you can relax and enjoy the process.
As one of the region’s premier catering services, trusted by both corporations and wedding planners, RSVP offers a wide range of elegant menus for in-home parties and off-site corporate events. Whatever your budget, RSVP Catering ensures your celebration is seamless, sophisticated, and stress-free.
If you’re looking to design a custom menu that reflects your style or prefer one of RSVP’s chef-curated prix fixe reception menus, RSVP Catering has options that suit every need. You focus on what to wear, and let us worry about the rest.
Just a few standout items from this year’s Holiday Menu include the savory Sunday Parm Station with crispy chicken cutlets and creamy Stracciatella, our festive Bubble Bar cocktail station to keep your spirits high, and the indulgent Chocolate Grazing Table filled with holiday chocolates and house-made confections. And for dessert lovers, you won’t want to miss the Melt-A-Way Tiramisu Bar or our fan-favorite Build Your Own Sicilian Cannoli Cart — you might just need to have both!
If you’re planning a holiday celebration at home or in the office, RSVP Catering is ready to bring the magic to your table. Let us handle the details so you can enjoy every moment of the season.
If you’re looking for an opportunity to make an extraordinary impact in the lives of young people and families, and work alongside a supportive, encouraging a group of colleagues, Youth For Tomorrow is for you.
As we continue to grow and expand our program services to support more troubled teens, we have an immediate need for additional staff members in several areas within our residential programs. We are seeking compassionate individuals who want to make a positive impact on the lives of the youth in our care. Perhaps you, or someone you know, would be interested in joining our team!
“YFT reminds me of a big family. Family is very important in everything we do here. We work for the good of those we serve and strive to provide a safe haven for those in need.”
“Everyone here builds unique relationships with their co-workers, uplift each other, prays for one another and work together, which, of course, are examples of core family concepts. YFT brings together a multitude of people from all walks of life and encourages growth — personal and professional — amongst its employees.” — Mikka Sturdivant (YFT Staff Member, 20 years)
We are seeking qualified staff for several positions, including Residential Counselors, Case Managers, Mental Health Counselors, Teaching Assistants and more. Each position plays a vital role in providing children and their families the opportunity to refocus their lives and to develop confidence, life skills, intellectual ability, spiritual insight, and moral integrity.
Our greatest needs are for individuals who are passionate about making a meaningful impact in the lives of young people. Whether you are interested in direct care with the kids, or supporting them from behind the scenes, we are looking for compassionate and dedicated individuals who share our commitment to fostering growth and healing. These roles are essential to maintaining the high standards of care and support that YFT is known for.
As a YFT team member, you will receive comprehensive training, opportunities for professional development, and a supportive work environment where your contributions are recognized and valued. If you are ready to contribute your time and talents to change lives, we encourage you to apply today.
Youth for Tomorrow provides equal employment opportunities to all employees and applicants for employment and prohibits illegal discrimination and harassment based on race, sex, color, national origin, age, disability, genetics, or veteran status.
Youth for Tomorrow exercises its right as a religious organization to employ people consistent with its religious beliefs, practices, and observances.
