Posts tagged as:

Interest rates

It’s a Great Time to Refinance

Many home owners in Charlotte and North Carolina are discovering it’s a great time to refinance their home loan.  With the unusually low rates of the past few weeks, we’ve helped homeowners: Shorten their mortgage term to 10 or 15 years without increasing their payment Save several hundred dollars each month in interest Convert from [...]

Read the full article →

You Snooze, You Lose

False Illusions and What You Need to Know Homebuyer Alert… For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts for two reasons. The first of these, the coming expiration of huge tax incentives, may be a bit more obvious to most borrowers. [...]

Read the full article →

What are your Rates?

For many people the first question they ask a mortgage loan officer is, “What are your Mortgage Rates?” When I get this question, I could flippantly choose between any of these answers: A. That Depends A. Anywhere from 1% to 10%, what would you like them to be? A. 5% plus or minus A. Rates [...]

Read the full article →

‘Good’ jobs report leads to higher interest rates

The November jobs report released on Dec 3rd led to the continued increase in mortgage interest rates.  From Dec 1st to the 3rd, rates already jumped  0.25% to 0.375%  from the all-time lows. The government’s November Non-Farm Payrolls allowed most pundits to claim that the recession is nearly over, if not over already.  I still [...]

Read the full article →

Charlotte area Mortgage Updates

Mortgage markets improved last week as foreign buyers of mortgage debt helped to push mortgage rates to a 4-week low. The strength of the Stock Market and higher commodity prices should have pushed mortgage interest rates higher, but the bond market refused to play by old rules. It marked the 3rd consecutive week that rates [...]

Read the full article →

← Previous Entries