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charlotte: CNBC Shines Spotlight on Charlotte, NC - 02/15/09 12:20 AM
Click here for the link to the CNBC article.
As a loan officer and Charlotte native this article really caught my interest. It is basically connecting the overall impact on the economy with the sub-prime meltdown and showing how this has a huge effect on Charlotte as a banking center. Charlotte residents have bragged for years about being #2 in the U.S. in banking, but that is not so good when the financial system is in crisis.
I think some things people need to consider before making a rash judgment on Charlotte's future is the fact that this area has become too … (0 comments)
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charlotte: Mortgage Rates for North Carolina - 10/09/08 11:12 AM
Mortgage Rates move higher even though stocks are down!
In a typical market, if stocks are getting killed mortgage rates improve. We are NOT in a typical market. The driving force behind conforming mortgage rates (Fannie, Freddie, FHA, etc...) are mortgage bonds, also know as Mortgage Backed Securities (MBS).
In the investment world, mortgage has become a four letter word. Even though they offer a good return and far less risk than stocks, investors are too afraid to put money into anything with the word "mortgage" right now. That causes rates to move higher.
This is NOT a rate quote! This … (0 comments)
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charlotte: WOW! Charlotte, NC Market Info - Special ABC Video - 07/02/07 10:31 AM
A Realtor I work with emailed me this video which I found amazing about the Charlotte Market. If you are thinking about moving here, just watch this video!
http://abcnews.go.com/Video/playerIndex?id=3272735
The Charlotte market has capitalized on steady consistant growth! That is why this area is not experiencing a real estate bust. I am a believer that real estate is all local, at least to an extent. I understand other parts of the country have an affect on our market, but our market is not controlled by them. As long as demand stays high in this area, we should do just fine!
… (3 comments)
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Olan Carder
Charlotte,
NC
More about me…
Fairway Independent Mortgage
Address: 8430 Read Road, Suite E, Charlotte, NC, 28277
Cell Phone: (980) 721-7478
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