Out last two summer closings were on the market 11 days and 60 days
respectivley. They were in a) desirable locations b) excellent
condition and c) affordable- under $500K- where more than 92% of
Charlotte sales occurred in August.

Here is our mortgage update from the consistently excellent team from Myers Park.

 

The Charlotte Mortgage Update September 5, 2008

Charlotte Rates are LOW!

Lenders in Charlotte, NC, have seen rates drop this week almost 1/2
percent! Current rates are low, and may go lower. Recently many experts
have started predicting that commodities (oil, natural gas, corn,
etc…) might have peaked and that prices are probably going to
continue to drop. CHEAP materials translate into lower costs for
consumers and that is great news on inflation. Low inflation is good
for rates.
I would recommend that people lock in their rates right now as the
market takes a break. It is typical after a great week for things to
pull back a little for people to figure out what’s next. Don’t be
surprised if rates come back up a little over the next several days.
But long term outlook is looking pretty good. Current Advice: LOCK 30
Year rates are around 6.000% and 15 year fixed are running around
5.625%. We offer rate protection against higher and lower rates! If
that peeks your interest - give me a call! Product Highlight 97%
financing is BACK!! Most lenders have discontinued their 97% financing
for conventional loans. Myers Park Mortgage is offering it once again.
If you are buying a house over the FHA limits ($303K) and want to put
down less than 5%… give me a call! Minimum credit score required: 680
. Apply for your Charlotte Mortgage Now. 

Olan Carder

Your Charlotte Mortgage Specialist
Myers Park Mortgage

980-721-7478 
E-Mail

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If you are selling your home, why not consider the #1 Team on the
Internet? We have more than 570 “signs” (searchable URLS) that invite
buyers into your living room. Buying a Home? Have you visited our
sister site at CharlotteCommunitiesOnline.com
where home earch information meets community information.  Please
don’t hesitate to call me direct, 704-351-1519, for all of your
Charlotte real estate needs.