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mortgage rates: Rising Interest Rates: How Will They Impact You?? - 09/25/09 11:03 AM
If you have been following the financial news lately you may have started to hear talk about when the FED is going to raise interest rates. It should be no surprise that sooner or later the FED will have to raise rates since they have been at all time lows for many years.  The FED is going to have to be extra careful when the time comes to raise rates. When do they do it?? How much?? When do they stop?? In the next 3 to 6 months I think we will find out the answer to all of those questions.  … (1 comments)

mortgage rates: The Bottoming Out Of The Outer Banks Real Estate Market - 05/05/09 09:21 AM
The bottoming of the Outer Banks real estate market has begun.  
For the first time since August 2005 the Outer Banks real estate market has shown significant and sustained signs of life. How can that be since all you hear from the media is the real estate market is still a year away from the bottom? The most important thing to realize is the media reports are generalized and not for a specific region, state, city, or town. You may be trying to determine when is the right time to buy on the Outer Banks based on how well your local … (1 comments)

mortgage rates: 2009 Off To A Good Start For The Outer Banks Real Estate Market - 02/04/09 08:51 AM
2009 off to a great start!! So far in 2009 the buyers have been showing up in full force and they are buying !! Since the beginning of the year there has been a 13% increase in houses that have gone under contract compared to 2008. You can go to my website www.HometownOBX.com or directly to my blog post Outer Banks Real Estate to read all about it.
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mortgage rates: Outer Banks Real Estate-Goodbye to 2008 Hello to 2009 - 01/08/09 10:11 AM
2008-It's finally over!!
I know for many of you, including myself, I could not wait for 2008 to be over. The stock market came crashing down, the real estate market continued it's downward spiral and the economy just tanked. All in all 2008 will go down as one of the worst years in recent memory
As for the Outer Banks real estate market things went from bad in 2007 to worse in 2008. It seems that foreclosures and short sales were everywhere on the Outer Banks, listings stayed on the market longer, and buyers just disappeared.
 In 2008 according to … (3 comments)

mortgage rates: Outer Banks Real Estate-Will The Mortgage Rates Continue to Fall?? - 08/09/06 12:11 PM
Finally some good news this week for the real estate market. The FED put a hold on raising interest rates for the first time in 2 years and mortgage rates fell to the lowest levels since March of this year. Some say this is only a temporary reprieve with rates forecasted to go back up over the next 2 FED meetings; however there are growing numbers of economist who say this will be the end of the interest rate hikes. If we only had a crystal ball!! The last few months of the year will be very interesting. If the FED … (0 comments)

 

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