The Debt Ceiling Debate Effected Mortgage Rates in Charlotte, NC

By
Real Estate Broker/Owner with Live Love Homes-Keller Williams, Charlotte, NC Ballantyne Area

 

 

 

 

Today, I wanted to call in an expert. Everyone is talking about the issue of the debt ceiling but there is a lot of confusion. I called my good friend and one of our team mortgage lenders Johnatan Romero with New American Mortgage to tell us exactly what that was going to mean to mortgage rates.

 

 

 

"Everything we feared about the debt ceiling debate became a reality. We didn’t want it to be extended to the last minute, of course it was. We didn’t want the government to raise the debt ceiling, of course they did. We didn’t want rates to sky-rocket, of course they… wait, what?? The mortgage markets rallied. Out of nowhere, mortgage interest rates plummeted to all new lows.

 

 

 

Johnatan Romero New American Mortgage Keller Williams Charlotte Team Ludlow

 

 

 

I’m telling you about historic low interest rates today. The press will tell you tomorrow.

 

 

 

Rates typically take the stairs down and the elevator up. In this case there was an exception – they took the escalator down.

 

 

 

If you’ve been looking for a reason to take advantage of purchasing a home, you just found one. It has never been this cheap to borrow money. For a complete list of homes in your area visit Team Ludlow Realty.

 

 

 

To see if you qualify to capitalize on today’s buyer’s market contact me for a free rate quote at www.newamerican.com/jromero"

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Location:
North Carolina
Groups:
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Christian Mortgage and Real Estate Professionals
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Posts to Localism
Union County NC Real Estate
Tags:
charlotte homes for sale
keller williams charlotte
mortgages in charlotte
team ludlow realty
charlotte short sales
charlotte bank owned

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Rainmaker
1,322,615
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

Its crazy how low the interest rates are right now. I cant believe it!

Aug 05, 2011 05:19 PM #1
Rainmaker
908,388
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Lisa, now may be that time to lock in that loan and buy a home! I'm letting my buyers know tomorrow. Thanks for the heads up!

Aug 05, 2011 05:23 PM #2
Rainer
127,875
Lisa Ludlow Archer
Live Love Homes-Keller Williams, Charlotte, NC Ballantyne Area - Waxhaw, NC

It is amazing right? Good luck with those offers. I am planning on submitting 2 tomorrow as well.

Aug 05, 2011 05:25 PM #3
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Rainer
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Lisa Ludlow Archer

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