Tuesday, May 9, 2017 / by Marketing Team
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 ...