Olan Carder on Mortgages and Charlotte Home Loans

Wow, local gas prices in Charlotte, NC have dropped.  They had gotten up to $4.07 but today can be found as low as $3.89!  A friend of mine told me that just over the border in S.C. you can find it for $3.59!!  I hope this trend continues because as inflation goes, so goes interest rates.  If inf...

This week the House passed a $300 Billion aid bill that offers relief to many American families at risk of loosing thier homes.  The bill gives FHA $300 Billion in new lending authority to help homeowners at risk.  FHA would be permitted to refinance risky loans into a fixed rate mortgage if the ...

 People still do not know how to get a mortgage loan!  I get a little frustrated sometimes because I have been doing this for 10 years now and nothing changes.  People still think you are supposed to sit down and call like 5-10 lenders and ask them what their rate is... THIS IS FOR CONSUMERS.... ...

Charlotte Mortgage Rates as of 7/23/08 FHA and Conventional 30 year fixed are around 6.5%.  This is what most lenders are quoting out there. The Mortgage Bond market improved a little today but overall rates are flat.  The stock market rally over the past week has hurt mortage bonds quite a bit. ...