Mortgage Rates Heading Lower in Charlotte North Carolina

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Real Estate Agent with RE/MAX Executive Realty

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.

 

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Scot DraperQR Code for ScotDraper.com
Broker/Realtor, ABR CIAS CDPE SFR ePRO
RE/MAX Pros
Scot@ScotDraper.com
www.ScotDraper.com
(704) 659-7728 Office
(704) 965-2941 Cell
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