Last Wednesday and Thursday’s stock market nosedive had analysts debating whether the Fed’s hike in interest rates was to blame. Since Charlotte mortgage rates are likely to also be affected, local selling-minded homeowners might well have begun to wonder whether we are headed into a less-than-favorable selling environment. If so, would listing your home now make sense? Would holding out until lower Charlotte mortgage rates reappear be worth the wait? The benefit to potential buyers would be immediate: more affordable monthly payments for the same asking price. Ultimately, the answer to that timing question will always be uncertain, but one clue … (0 comments)
freddie mac: “Last Call” to Buy Your Charlotte Home?
- 03/12/18 09:32 AM
The question posed in last week’s Realtor.com article was certainly scary enough: “Is It Last Call for Low Mortgage Rates?” If you have been putting off getting ready to buy your next Charlotte home, it could well have been a potent call to action. For the normally staid Realtor, it was an unusually pointed dispatch. The article’s opening line, “All good things come to an end…” is what many Charlotte home loan rate watchers have known to be true enough—yet for years now, when it comes to the financial benefits that accompany low mortgage interest rates, the prospects for losing the resultant … (0 comments)
If you find yourself in a quandary over whether to jump into buying a home now or waiting for a clearer signal that the time is right, there is one method you can use to inject some hard numbers into your decision. It’s called the CTW. CTW stands for “Cost to Wait.” It attempts to approximate the money saved or lost if buying a home today is postponed until a later date. The most reliable CTW calculations are based on what have proved to be the most accurate projections. For this example, we rely on quasi-governmental mortgage guarantor Freddie Mac for interest … (0 comments)
freddie mac: Should I Buy a Home Now? Or Wait Until Next Year?
- 09/29/17 07:50 AM
Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.4% by next year. CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to! … (0 comments)
A couple of weeks back, the ultimate authority on Charlotte mortgage rates hadn’t minced words. That was Freddie Mac, whose opinion about mortgage rates constitutes the final say in the matter. Freddie isn’t modest about its preeminence (Freddie’s trademarked corporate slogan is “We make home possible”). Together with sibling Fannie Mae, the quasi-governmental entities stand behind 60% of U.S. mortgages. Each week their PMMS survey collects data snapshots from thrifts, credit unions, banks, and mortgage lenders to gauge of the direction of the home loan market. Future Charlotte home hunters and the homeowners whose properties are found in the current listings (or … (0 comments)
Last weekend’s regular North Carolina news should have been promoting all the usual upbeat feature stories about the onset of football season, the start of a brand new school year, the finals of tennis’ last grand slam tournament and the like—but Charlotte readers would have gotten eye strain trying to find any of them. Instead, the dark clouds brought by Hurricanes Irma and Harvey cast dense shadows across the region and the nation’s news. It was certain, too, that even after the terror of their actual passages had subsided, the fallout would continue to reverberate—expensively—for a very long time. What was covered … (0 comments)
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