If you need assistance, please call 704-997-3794

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 ...

Read More

  charlotte, charlotte homes for sale, homebuyer, nancy braun, showcase realty, relocation, mortgage rates, north carolina