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Posts Tagged ‘mortgage rates’

Struggling with List Prices

Posted in General Real Estate Market, Iredell County, tagged , , , , , , on July 16, 2010 | Leave a Comment »

I withdrew one of my Iredell County listings today by mutual agreement with my seller clients.  We had put the house on the market last spring, and priced it according to what little history was available in the community for similar houses.  We agreed that if the house didn’t get some showings, the sellers would [...]

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What a Time to Buy Real Estate!

Posted in Finance, General Real Estate Market, Real Estate, tagged , , , on July 8, 2010 | Leave a Comment »

Recently I’ve had conversations with people who are renting their homes.  They’ve either expressed an interest in buying a home or not been aware of what’s going on in the real estate market regarding affordability (some people actually don’t read real estate news everyday!)  I’ve made a point to tell those folks that if they have [...]

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There’s Life in the Real Estate Market

Posted in Finance, General Real Estate Market, Real Estate, tagged , , , , on May 28, 2010 | Leave a Comment »

People are always asking me if I think the real estate market is coming back.  Since I just came back from my third real estate closing of the month (woo hoo!) (two in Troutman, NC), I’d have to say that yes, there is some reassuring activity out there.  None of these closings were motivated by the [...]

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Higher Mortgage Rates, Tax Incentive Deadline Near

Posted in Finance, General Real Estate Market, Lake Norman, tagged , , , , on April 9, 2010 | Leave a Comment »

Here are a couple of things to keep in mind if you plan to buy a house soon (or know someone who does).  First, the deadline for the First Time Homebuyer Tax Incentive of $8,000 and the Repeat Homebuyer Tax Incentive of $6,500 is near.  You’ve got to have your home purchase under contract by the end [...]

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Might Want to Lock a Mortgage or Refi Rate Now

Posted in Finance, General Real Estate Market, tagged , , , , on January 11, 2010 | Leave a Comment »

The buzz in the mortgage market is that 30 conventional fixed rates are moving above 5% and will likely continue to rise through the spring.  One reason is that since last year, the Fed has been buying large amounts of mortgage-backed securities.  This action has artificially kept the mortgage rates down.  That program is scheduled [...]

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Making Lemonade

Posted in Finance, General Real Estate Market, Real Estate, tagged , , , , , , , , , , on November 13, 2009 | Leave a Comment »

Lemons to lemonade.  Black cloud with a silver lining.  Silk purse out of a sow’s ear. There are a number of expressions that we sometimes hear when someone finds something good in an othewise bad situation.  For example, I work with the Citizens for a Troutman Library.  When the new library was designed, the architect estimated the [...]

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Mortgage Interest Rates Down- Comparing Rates

Posted in Finance, Real Estate, tagged , , , on September 4, 2009 | Leave a Comment »

Several of my mortgage lender friends are telling me that rates are down again with 30 year fixed non-jumbo rates below 5%- amazing.  If you talk to a lender about these or other rates, be sure to get the APR (Annual Percentage Rate) that includes their costs.  That still can be a bit deceptive depending on [...]

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A Bit More on Mortgage Rates

Posted in Finance, General Real Estate Market, Real Estate, tagged , , on August 12, 2009 | Leave a Comment »

I’ll add to the previous post that the rates listed by Neil and any other lender I include are representative of rates offered to those with a good credit history and rating, and the definition of “good” varies with the lender.  That doesn’t mean you can’t get a mortgage if you have less than stellar [...]

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Mortgage Rates Up-to-Date

Posted in Finance, General Real Estate Market, Iredell County, Real Estate, tagged , , on August 12, 2009 | Leave a Comment »

My friend Neil Jackson with Lake Norman Lending Group sends out a weekly rate sheet to let us know what the rates look like for our clients.  I have several friends in the business who do this, so I like to get these to compare rates, understanding that rates can change frequently, even several times a [...]

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Current Mortgage Rates

Posted in Finance, General Real Estate Market, tagged on June 23, 2009 | Leave a Comment »

Thought you might like to see a survey of mortgage rates that I received today from our Coldwell Banker Mortgage rep- Kim Peschock- (704) 500-9087.  Kim says that rates are staying fairly stable around the below numbers right now. Conventional Products: • 30 year Fixed Rates: around 5.375% • 15 year Fixed Rates: around 4.920% [...]

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