Jun 20

Mortgage Rates At Three Year Low

Mortgage Rates Hit Three Year Low!

It is a great time to invest in your future! Affordability is up and rental rates are up, now is a great time to buy a new home. Search Lake Norman real estate listings.

Mortgage Rates Hit A New Three-Year Low As Brexit Looms – Forbes
Mon, 20 Jun 2016 16:09:00 GMT

Mortgage Rates Hit A New Three-Year Low As Brexit Looms Forbes Mortgage rates fell for the second week, averaging 3.54 percent, down from 3.60 percent. A year ago at this time, a 30-year, fixed-ratehome loan was 4.0 percent, according to Freddie Read more …

If you need a mortgage contact in the Lake Norman area please let us know and we will introduce you to one of our trusted lenders.

Jun 02

Buyers Better Hurry: Rates Reach New Lows

For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent, Freddie Mac reports in its weekly mortgage market survey.

Meanwhile, the National Association of Home Builders reported this week that home affordability reached its highest level in 20 years, making the purchasing power for home buyers even better during this traditionally prime buying season.

Here’s a closer look at mortgage rates:

  • 30-year, fixed-rate mortgage: Averaging 4.60 percent this week, it was down slightly from last week’s 4.61 percent average. Last year at this time, 30-year rates averaged 4.84 percent. The 30-year fixed rate mortgage hasn’t been under this week’s 4.60 percent average since early December 2010 when it fell to 4.46 percent.
  • 15-year, fixed-rate mortgage: Averaging 3.78 percent this week, it also was down from last week’s 3.80 percent average. Last year at this time, the 15-year fixed-rate mortgage averaged 4.21 percent. It has not been under this week’s 3.78 percent average since late November 2010 when it fell to 3.77 percent.
  • 5-year adjustable-rate mortgage: Averaging 3.41 percent this week, it was down from last week’s 3.48 percent average. A year ago at this time, the 5-year ARM averaged 3.97 percent.

Source: “Fixed Mortgage Rates Continue to Find New Lows,” Freddie Mac (May 26, 2011)

Lake Norman Real Estate Listing Alert Email

Featured

Free Lake Norman Real Estate Email Alerts

Lake Norman real estate email updatesFill out the form below to get FREE automatic Lake Norman real estate listing updates from the Lake Norman MLS. Auto email alerts will email you with new Lake Norman real estate listings and price changes on Lake Norman properties that fit your search criteria. There is no obligation and you can opt-out from the Lake Norman real estate updates at any time. We will never spam or sell your contact info.

 

 

Your Name (required)

Your Email (required)

Phone Number

Property Type
CondoLotSingle FamilyTownhome

Location
CatawbaCorneliusDavidsonDenverHuntersvilleMooresvilleSherrills FordStatesvilleTerrellTroutman

Price Range
Up to $100k$100k to $200k$200k to $300k$300k to $400k$400k to $500k$500k to $600k$600k to $700k$700k to $800k$800k to $900k$900k to $1,000,000Over $1,000,000

Number of Bedrooms
Studio/Loft1 Bedroom2 Bedroom3 Bedroom4 Bedroom5 Bedroom +

Number of Bathrooms
1 Bathroom2 Bathroom3 Bathroom4 Bathroom +

Square Feet
Up to 1000sqft1000 to 1500 sqft1500 sqft to 2000 sqft2000 sqft to 2500 sqft2500 sqft to 3000 sqftOver 3000 sqft

Amenities
Boat SlipClub HouseFitness CenterGolf CourseLakePlaygroundPoolRecreation AreaTennis CourtsWalking TrailsWaterfrontOther (enter below)

Your Message

Are you currently working with an agent?
YesNo

How soon are you looking to move?
ASAP1-3 Months3-6 Months6-9 Month9-12 MonthsOver 1 year

Enter Code