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Mortgage Rates | Charlotte Real Estate, Homes & Lifestyle Blog

Tuesday, May 9, 2017   /   by Marketing Team

Get Expert Advice on Mortgage Rates in North Carolina

With as many people as there moving to or within North Carolina, first-time home buyers aren’t the only ones interested in what will happen to mortgage rates throughout this year. 
As many experts predicted, mortgage rate jumps have averaged at around 4.125% to 4.19%, compared with 3.66% this time last year.  So what exactly does that mean for you in being able to buy a North Carolina home in 2017?
Here’s what the experts want you to know about 4 mortgage rate trends:
1.  An increase in rates is imminent when there is a gap in the supply and demand for housing. 
Typically, a healthy balance is at a 6-month supply for inventory.  Right now, the city of Charlotte has only enough to go around for approximately 2 months, give or take.  While the construction of new homes does help meet the demand, it also means that if you are selling a North Carolina home, now is the best time to find the right buyer!

2. With consumer confidence so high ...

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