charlotte nc real estate: Charlotte NC - Team Freeman Real Estate - Market Predictions
- 01/06/09 08:09 AM
Early 2009 could very well mark the lowest rates that we will see for the rest of our lives. Think about that. More importantly, your customers should be thinking about that too. We expect interest rates to stay in a range of 4.5 - 5.5%, with the potential to see rates moving toward the higher part of the range later in the year. The forecast for the beginning of the year is important of course, but count on us at Mortgage Market Guide to keep informing and advising you throughout the coming year. With so many of your competitors having dropped … (0 comments)
In a region with tens of thousands of newcomers a year, if you're a transplant, the answer is you.My job is to write about newcomers - what brought them here, why they chose Charlotte, how they're adjusting, what they like and don't like - and answer their questions about living here. I do that in my Living Here columns in the Observer and New Around Town blog on www.charlotteobserver.com/livinghere.My loose definition of a newcomer is someone who moved here in the last two years. But as a relative newcomer wrapping up my fifth year in Charlotte, I … (0 comments)
When native Charlotteans show off their city, they point to the skyline: modern, glimmering and, in a historical sense, built almost overnight.The Charlotte Chamber gives it a boost each year with a skyline photo contest.And millions of TV viewers catch a glimpse when the Panthers play at Bank of America Stadium.But what they and many newcomers don't realize is that the skyline looks like that today primarily because of Bank of America, Wachovia and their predecessor institutions. Now, those institutions are changing, with Wachovia being acquired this week and Bank of America continuing … (0 comments)
charlotte nc real estate: Charlotte NC - Team Freeman Real Estate - Mortgage/Finance Update
- 01/05/09 02:56 AM
Conforming mortgage rates ended 2008 at the lowest levels in decades. One reason is that inflation is not a concern right now due to the current economic weakness and the decline in energy prices. In addition, the Fed has begun to purchase mortgage-backed securities (MBS), increasing the demand. Mortgage rates are generally determined by the price of MBS. On November 25, the Fed announced a plan to purchase as much as $500 billion in MBS, and mortgage rates have dropped significantly since the announcement. Low inflation and Fed purchases of MBS are expected to continue in coming months.Along with low mortgage … (0 comments)
Early 2009 could very well mark the lowest rates that we will see for the rest of our lives. Think about that. More importantly, your customers should be thinking about that too. We expect interest rates to stay in a range of 4.5 - 5.5%, with the potential to see rates moving toward the higher part of the range later in the year.
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