Mortgage Rates At 9-Month Lows: Time To Buy Your Charlotte Home NOW!

By
Real Estate Agent with Coldwell Banker Realty

 

Mortgage Rates Fall To Their 9-Month Lows

With mortgage rates falling to their lowest level in nine months, it's time to think about getting serious about buying your Charlotte area home before the rates tick up again. It's time to buy and it's time to lock in a low rate now!

 

Mortgage Rates At New Lows

 

 

Video: Your 365 Day Mortgage Forecast For 2019

 

 

What's The Cost To You Of Waiting To Purchase A Home?

The infographic below clearly illustrates how much impact interest rates have on your purchasing power. And keep in mind that Charlotte home prices continue to increase. So it makes sense to lock in a low rate on a home before both interest rates and home prices increase. 

With interest rates still around 4.5%, you can easily see how great current interest rates are compared with the past 40 years. And keep in mind that rates are projected to climb to 5.0% by this time next year according to Freddie Mac.

 

Cost of waiting to buy a home over time

 

 

 

Find Your Charlotte Area Dream Home

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And don't miss out on the newest home listings in your desired Charlotte neighborhood. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what's coming on the market in southwest Charlotte.

                                                   

 

                                                               

 

 

Get Your FREE Winter 2019 Home Buyer Guide:

"Things To Consider When Buying A Home"

 

Things To Consider When Buying A Home Buyer's Guide

Our FREE Winter 2019 Home Buyer Guide will answer many of your questions about why you might want to buy now and likely bring up a few things you didn’t even know you should consider when buying a home. It covers 20 timely topics including:

  • 4 reasons to buy a home this winter
  • The true cost of not owning your home
  • 4 tips for success when you're ready to make an offer
  • Why mortgage pre-approval should be your first step
  • 2 key factors to watch in today's real estate market
  • Knowing what you need in a home versus what you want...

... and more!

 

 

 

This information/update is provided by  Nina Hollander and Carolinas Realty Partners with Coldwell Banker, your Charlotte metro area residential real estate experts. We've been opening doors for Charlotte region home buyers and sellers for 20+ years. 

 

If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

 

 

Posted by

 

 

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (30)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope home buyers will read this post and call you to be their agent 

Jan 16, 2019 04:37 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, those in a position to buy would be smart to make their move now rather than later.

Jan 16, 2019 05:44 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Rates have been so low for so long, I am very surprised that there aren't more homeowners.  I guess some people would rather fill the pockets of others instead of their own, haha.

Jan 16, 2019 05:53 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, this must be why I am receiving so many buyer calls right now.   Good news for buyers! 

Jan 16, 2019 06:02 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Too many people believe what the TV is painting rather than  what is happening in your area.  My statistics say the same thing about mortgage rates Nina Hollander 

Jan 16, 2019 06:22 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Nina, this is a window of opportunity that buyers need to jump on. Makes such a difference on a monthly payment and your infographic does a great job illustrating that. 

Jan 16, 2019 06:38 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

This is good news... for now.  Who know how much longer though, right?

Jan 16, 2019 08:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gita Bantwal hi Gita... me too!  Meantime, trust you are having a wonderful Wednesday!

Jan 16, 2019 08:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gabe Sanders hi Gabe... it's always interesting to me to see how many people rush to buy when rates go up to lock them in, but when they go down they seem to be much more lackadaisical about it.

Jan 16, 2019 08:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... loan applications jumped in the last couple of weeks by some 20% or something.

Jan 16, 2019 08:47 AM
Joan Cox

We have seen that around here too.  Just needed to get past the Holidays.

Jan 16, 2019 08:57 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... as I've been known to say to people... you can pay your own mortgage or you can pay your landlord's mortgage... it's your choice, but which choice do you think is smarter?

Jan 16, 2019 08:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... to the extent people read or listen to TV, they pay attention to "headlines" and then also forget how hyperlocal real estate is.

Jan 16, 2019 08:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Carol Williams my point exactly, Carol... we don't know when rates will tick up and we can't ever manage our entry into the market exactly... so why not do it when you have facts in hand that will save you money or increase your purchasing power now.

Jan 16, 2019 08:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Amanda S. Davidson thanks, Amanda... we do have a great window of opportunity right now and buyers should be opportunistic. (At least that's what I tell my clients.)

Jan 16, 2019 08:51 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Nina - buy that hose now and lock in your rate now.  A good start for the year. 

Jan 16, 2019 10:31 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider hi Grant... right now I'm sensing that the last message many buyers heard was that interest rates went up.... but many don't realized how much they dropped back towards the end of December and media is not really talking about this.

Jan 16, 2019 11:45 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Smart consumers are anxious to take advantage of the very attractive mortgage interest rates.

Jan 17, 2019 08:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley hi Roy... that is the operative word "smart." My husband and I are refinancing again.

Jan 17, 2019 08:44 AM
Jones Pharr
Oakwood Ventures - Carolina Shores, NC
Jones Pharr is a manager of Oakwood Ventures.

As always, an incredibly informative review. Thanks, Nina!

Jan 22, 2019 06:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jones Pharr hi Jones... just saw your comment on one of my other posts. I was wondering who was suddenly reading my "older" blog posts. 

Jan 22, 2019 08:15 AM

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