With Interest Rates So Low... You Can't Afford NOT To Buy A Home

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Interest Rates Fall To An All-Time Low...

The average U.S. rate for a 30-year fixed mortgage fell to 3.29% this week, the lowest ever recorded by Freddie Mac since 1971. The 15-year fixed rate also dropped, averaging 2.79%, down from 2.95% last week.

 

With mortgage rates this low, how can you NOT afford to buy a home and lock in your housing costs for years to come?

 

How Interest Rates Affect Your Monthly Housing Costs

The chart below shows how average mortgage rates by decade have impacted the approximate monthly payment of a $200,000 home over time. Using the same $200,000 home example, the second chart clearly illustrates how low interest rate increase, purchasing power.

How Interest Rates Impact Monthly Housing Costs

Buyer Purchasing Power At Different Interest Rates

 

 

 

Wondering how much home you can afford to buy in Charlotte?

 

Have you been wondering just how much home you can afford in the Charlotte area? Contact Nina Hollander/Carolinas Realty Partners with Coldwell Banker Realty. We can provide introductions to some of the best mortgage lenders in the Charlotte area and get you pre-approved for a home purchase in no time.

 

 

 

 

Ready To Start Looking For A Charlotte Area Home?

 

The Key To Finding A New Home Is Calling Nina Hollander, Charlotte Realtor

If you're ready to start looking for a home in the Charlotte area, Nina Hollander/Carolinas Realty Partners with Coldwell Banker Realty can help you. And we can make your home search easy... making that leap totally stress-free.

 

 You'll Be Surprised How Great It Is To Own Your Home

 

 

 

We Make The Home Search Process Easy

 

Charlotte Area Property Search

Search all Charlotte homes for sale on www.GreatHomesInCharlotte.comSearch GreatHomesInCharlotte.com for real estate and homes for sale throughout the Charlotte region. You can search real estate listings by basic and advanced searches, by listing ID number, by map, by subdivision, by price range, by address, by schools, by special listing conditions, by community features, by architectural design, by size of home, and more. You'll find all the Carolina MLS listings here, including single family homes, townhomes, condos, as well as golf course homes, luxury homes, foreclosure homes, active adult community homes, basement homes, homes with pools, and more. No reason not to find your Charlotte area dream home when using our easy to search website.

 

 

 

 

Charlotte Area Property Search: Browse By Location

One of the most important things to consider when buying a home is the community. Check out community resources to learn more about local schools, businesses, events, weather, transportation, and more! I'd love to answer your questions about the areas you're interested in and show you available homes for sale. Call Nina Hollander at 704-779-0813.

 

Search Charlotte Area Properties By Location

 Search For Your Charlotte Area Home Now!

 

 

Home Listing Manager Sign-Up For Charlotte Area Property

Sign up for a free Home Listing Manager account. You can create and save as many custom searches as your like for the Charlotte region. Base your searchs on your needs and desired home features. You can log in and adjust your search criteria at any time.

 

Sign up for a Home Listing Manager Account at www.GreatHomesInCharlotte.com

Sing up for a home listing manager account with www.GreatHomesInCharlotte.com

 

 

 

Listing Alerts For Charlotte Area Homes

Sign up to receive listing alerts for homes that match your specific criteria and find out about new home listings as soon as they come on the market. This is a great feature to save you time while keeping you informed "real time." And it's free!

 

Free home listing alerts from www.GreatHomesInCharlotte.com

 

 

Free Home Buyer Guide: What You Need To Know

 

The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.

You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. Our free Home Buyer Guide is a terrific resource and will answer many of your questions, as well as bring up a few things you didn’t even know you should consider when buying a home.

 

Ask For Your Free Home Buyer Guide "Things To Consider When Buying A Home."

 

 

 

Need To Sell Your Charlotte Area Home Before You Buy?

If you need to sell your home in the Charlotte region before buying a home we can provide you with a free home valuation. What you don’t know can cost you time and money when it comes to selling your house. The best source of information is your real estate agent and we’ve put together a growing list of helpful resources about the home selling process. When you’re ready, call Nina Hollander at 704-779-0813 to discuss how we can help sell your house.

 

 What's The Value of my Charlotte area home?

 

How much is my Charlotte area home worth?

 

 

 

Matching Charlotte Area Home Buyers With Lifestyles For 20+ Years

 

Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage would appreciate the oppotunity to earn your trust. We'll help you find your lifesyle within your budget and your time-frame. Whether you're a first-time home buyer, down-sizing, up-sizing, or relocating to Charlotte, we are here to guide you throughout the process and would love to earn your business, exceed your expectations, and show you how:

"The Right Broker Makes All The Difference."

 

 Great Homes In Charlotte

 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

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

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

 Connect with me also on these sites:  

 

facebook google plustwitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

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.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
North Carolina
Groups:
Charlotte NC Real Estate
Buyer Information - What Buyers Need to Know in Today's Market
Advice for Buyers
Inspiration Station
Tags:
interest rates
charlotte real estate
interest rates drop
search charlotte homes for sale
how much home can you afford to buy
interest rates still at historic lows
great homes in charlotte
with low rates you cant afford not to buy a home

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs hi Michael... that is the "sticky wicket" in the current scenario... too little inventory. I've been working on my market reports for February and seeing inventory still decreasing.

Mar 06, 2020 09:09 AM #13
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... I suspect those consumers who don't take advantage of current low rates will live to regret it a year from now.

Mar 06, 2020 09:10 AM #14
Rainmaker
2,082,320
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina Hollander - the affordability of homes just increase and that will be a boost.

Mar 06, 2020 09:33 AM #15
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... people really do need to take advantage of these rates before it's too late.

Mar 06, 2020 09:43 AM #16
Rainmaker
1,256,946
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

I know this will age me, Nina Hollander but I started in the mortgage business way back in 1977.  The interest rates at that time were around 6% to 6.25%.  The rates we are seeing available right now boggle my mind ... especially given that the rates have been low for so long.

While I think there are instances where buying still does not make sense, I definitely agree that the rates demand that you, at minimum, have a talk with a lender to discover a personal path forward.  Options and opportunity may exist that you were unaware of and the insight and assistance financially will always be of benefit, no matter your decision regarding homeownership.

Gene

Mar 06, 2020 10:02 AM #17
Rainmaker
4,260,949
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, all our lenders are SLAMMED with refi loans right now, since the rates dropped again.

Mar 06, 2020 10:05 AM #18
Rainmaker
2,545,022
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Nina, SO TRUE! I am very busy so far this year. We have a lot of out-of-state buyers moving into Greenbrier County, West Virginia.

Mar 06, 2020 10:16 AM #19
Rainmaker
1,334,105
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - I have owned a home since 1972 and remember an interest rate in the high 12% range. I actually had a mortgage that high at one point. Buyers in this market would do well to go ahead and look for that dream home while rates are at the lowest point. 

Mar 06, 2020 10:46 AM #20
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi hi Gene... I remember negotiating corporate loans when prime rate was 19% and mortgage rates were right up there, as well. I guess that ages me, as well.

Mar 06, 2020 10:56 AM #21
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... I'm not surprised to hear that your lenders are busy... ours are, as well.

Mar 06, 2020 10:56 AM #22
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, Realtor® hi Rebecca... glad to hear you're busy. Sounds like Greenbrier County has become a "destination" for many people.

Mar 06, 2020 10:58 AM #23
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... I remember interest rates at 12% and much higher... it always makes me smile when I hear people complain that 5% is high.

Mar 06, 2020 10:58 AM #24
Rainmaker
3,290,663
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Yes Nina, Now is the time to start building that equity. We were just working with a young couple who weren't sure if the time was right. Well it is, and we are closing on their new home next week!

Mar 06, 2020 01:00 PM #25
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... I'm amazed that anyone doubts that the time is right to buy with these interest rates!

Mar 06, 2020 02:20 PM #26
Rainmaker
3,097,298
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

People around my area get it, we are being slammed, not complaining mind you.

Mar 07, 2020 01:06 AM #27
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray good morning, James... our problem here is lack of inventory in the affordable price points. So people get and want it... but are finding it hard to find it.

Mar 07, 2020 03:05 AM #28
Ambassador
1,975,278
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

If there has ever been a right time to buy, it's now. My goodness, why are people with good credit still renting? 

Mar 09, 2020 08:41 AM #29
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... that question is certainly a head-scratcher for me. There will be those who delay and will be sorry in the future for doing so.

Mar 09, 2020 08:52 AM #30
Ambassador
1,701,508
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It seems like the public is listening to you. I am on a record pace this year.

Mar 10, 2020 06:34 PM #31
Rainmaker
3,363,796
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joe Pryor hi Joe... between new applications and refi's lenders are starting to back up... lenders I work with who could do it in 30 days are now suggesting 45 as it's hard to find enough appraisers out there.

Mar 10, 2020 06:37 PM #32
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,363,796

Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information