A Light in the Storm
One can only take so much negative press. So, I would like to present you with a light of good news amidst the storm of bad news that bombards us everyday!
Low Morgage Interest Rates
First, there is the good news that mortgage interest rates have fallen for the 11th straight week and have reached new record lows. Rates are now under 5% and I even have some clients locking in at 4.5% now! Lenders have been overrun with new refinance business to the point of barely being able to keep up. It is a great time to refinance and also a great time to get a mortgage to buy a house. But, is it a great time to buy a house? Why buy now if home prices are still falling?
Home Prices are Stabilizing in Charlotte!
Many potential buyers continue to wait on the sidelines for fear that prices will fall more after they buy. And for most of the country this is a valid fear. But, maybe not in Charlotte! A report was just released this week that did indeed report that home prices will continue to stumble until 2010. But, it listed Charlotte in the top 10 regions in the country with the lowest risk for real estate values!
Matthew Tringali
Broker/REALTOR
704.517.3906
matthew@kristinedearmon.com
Comments
There have been no comments made on this article. Why not be the first and add your own comment using the form below.
Leave a comment
Please complete the form below to submit a comment on this article. A valid email address is required to submit a comment though it will not be displayed on the site.
HTML has been disabled but if you wish to add any hyperlinks or text formatting you can use any of the following codes: [B]bold text[/B], [I]italic text[/I], [U]underlined text[/U], [S]
strike through text[/S], [URL]http://www.yourlink.com[/URL], [URL=http//www.yourlink.com]your text[/URL]