Mortgage Rates Hit Six-Week Low in Charlotte NC

By
Real Estate Agent with RE/MAX Executive Realty

Mortgage Rates Hit Six-Week Low in Charlotte NC

Rates fell to a six-week low this week.

Per Freddie Mac, A 30-YR fixed-rate mortgage averaged 4.78% this week. That's down from 4.8% last week. A 15-YR fixed-rate mortgage fell to 3.97% which is down from 4.02% last week. While the 1-YR adjusted rate mortgage averaged 3.15% which is unchanged from the prior week.

If you are looking to buy ... what are you waiting for? Home prices in the Charlotte NC market fell 5% for the year ended in FEB. The FEB prices were 1.2% down from JAN. The price drop in the Charlotte NC market tied it for the 10th-largest among the 20 largest cities represented in the Case-Shiller Home Price Index. Case-Shiller's latest report show prices were lower in 19 of the 20 largest cities in FEB.

 

Posted by

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
(704) 631-4965 Fax

   

Serving the Charlotte Metro/Lake Norman NC Region | NC Areas Served: Charlotte, Huntersville, Cornelius, Mooresville, Davidson, Denver, Lincolnton, Concord, Harrisburg, Mint Hill & Matthews | SC Areas Served: Fort Mill & Surrounding Areas | Short Sale Specialist - Contact me for free consultations

All information deemed reliable, but not guaranteed.

Comments (0)