Mortgage Rates Heading Lower in Charlotte NC
Long-term mortgage rates headed lower this past week after increases for the past four consecutive weeks.
The reason according to Frank Nothaft, Chief Economist for Freddie Mac - "Low inflation is keeping mortgage rates at ba.". "The 12-month growth rate in core prices was 1.2%, which is rather low by historical standards."
A 30 YR fixed-rate mortgage averaged 4.8% in the week ending April 21, down from 4.91%. A 15 YR fixed-rate mortgage averaged 4.02% which was down from 4.13% in the same period.