Mortgage rates rise again Long-term mortgage rates moved higher for the third consecutive week this week.
McLean mortgage buyer Freddie Mac reported that a 30-year fixed-rate mortgage averaged 4.87 percent in the week ending April 7, up from 4.86 percent last week. A year ago, 30-year mortgages averaged 5.21 percent.
A 15-year fixed mortgage rose to 4.10 percent. A one-year adjustable rate mortgage fell to an average of 3.22 percent.
Mystics to wear Inova logo
The Washington Mystics will sport the Inova Health System logo on the front of all game jerseys beginning this season.
The Mystics are the fifth franchise in the WNBA to sell uniform space to a corporate sponsor since the league allowed it prior to the 2009 season.
The Mystics and Inova began a partnership in late 2009, when the Northern Virginia nonprofit began sponsoring the team’s camps and clinics program. Inova’s logo also will be on team apparel worn by players in practice and community events, and Inova will sponsor the Mystics’ “School Day” preseason game in May at the Verizon Center.
Herndon property bought for $58.8m
Washington Real Estate Investment Trust has sold Dulles Station West Phase I for $58.8 million.
The 180,000-square-foot property is on a parcel in Herndon that the Rockville company acquired in 2005. Phase I, at 2300 Dulles Station Boulevard, was completed in 2007 and is fully leased to tenants including IBM and National Student Clearinghouse.
Dulles Station West Phase II was not included in the transaction. It is zoned for future development of a 340,000-square-foot office building.
