I talk to new homebuyers or homeowners looking to refinance every day of my life. I love it! I love helping families in Charlotte to navigate the ever changing mortgage world and buy their first home, move up to that dream home or even refinance the home they have to save thousands of dollars! It [...] Read more »
FED Speaks Rates Drop!
The Federal Reserve announced today that it will sell $400 billion short term securities and reinvest that money into long term holdings like U.S. treasuries. The effort is being called “Operation Twist” and has already made an inpact on already low mortgage rates. You can see the image I attached that clearly shows a jump in [...] Read more »
Jobs Report Bad News for Economy
The unemployment report is out and it’s not looking good. The talking heads were predicting that the economy would add 90,000 to 125,000 new jobs… we were a little short. The entire economy only added 18,000 new jobs which obviously is far cry from what was needed and expected. WATCH the first 2 minutes of [...] Read more »
Charlotte Mortgage Rates
Mortgage rates have been on the rise over the past week. Most lenders online were advertising rates below 4.5% for 30 year fixed loans before last week, but now are at or above 4.5% on average. You can easily check rates at many websites if you just want a general idea. Websites like bankrate.com or [...] Read more »
The Truth about Mortgage Rates Part 3
The Federal Reserve or “FED” does NOT directly set mortgage rates. I know its a shocker, but the media is usually all wrong when talking about what moves rates. You have probably heard it mentioned on the evening news that rates are higher because of the “FED” but this is actually all wrong and many [...] Read more »
