Mortgage Rates Raleigh NC
Buying a Home in the Triangle? Lock Your Rate, Quick!
Mortgage Rates Reach Close to Record Low - But Not Expected To Stay!
Mortgage applications jumped 11% last week, as homebuyers and homeowners jumped on an unexpected dip in already very low rates.
Mortgage Rates Touch Below 5% - Briefly!
During the week ending March 6th, borrowing costs on 30-year fixed-rate mortgages averaged 4.96% (excluding fees). This is down 0.18 percentage point from the previous week.
And, this is the SECOND LOWEST RATE on record since the weekly MBA survey began in 1990. The record low also occurred this year - the week ending Jan. 9, 2009 had rates of 4.89%, which have not been seen since.
Read more about these record low interest rates here. (CNN MONEY article)
If you're even thinking about buying a home or refinancing, talk to your loan officer about locking your rate - the experts don't predict that rates will go much lower, and many experts have predicted significant increases in interest rates by the end of the year.
And of course first time homebuyers or anyone who hasn't owned a home in three years can take advantage of the $8,000 tax credit, on top of very attractive interest rates. Read more about the tax credit here.
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*Stanton Homes is not a lender, and does not offer lending advice. Talk to your lender for the best information about current rates.
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Articles copyright Stanton Homes 2006-2011. Unauthorized use is not permitted. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of any lot listings, but can work with homebuyers to purchase available lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan. Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.
We see ther jumps too and it is very intersting. Buyers are getting mnore savvy and treating the purchase more and more like a commodity