03 Dec Charlotte Real Estate Review
The 3rd Quarter of 2013’s Charlotte real estate statistics show trends to indicate a very strong and rising Charlotte real estate market. Home prices are up over 10% in Charlotte / Mecklenburg county, and activity is up 20%, compared to 2012. Inventory of homes is low, too, with many areas reporting 3-6 months of inventory. With home prices up and real estate activity on the rise, we are seeing encouraging trends showing a stabilized Charlotte housing market.
Long-term mortgage rates continue to move in a tight range, with the average rate on a 30-year fixed-rate mortgage rising only slightly this week. According to Freddie Mac, a 30-year fix averaged 4.29 percent in the week ending Nov. 27, up from 4.22 percent last week. A 15-year fix averaged 3.3 percent, up from 3.27 percent. A one-year adjustable rate mortgage fell to 2.6 percent, from 2.61 percent last week.
With stabilizing home mortgage loan interest rates, right now is one of the best times to consider all of your home buying or selling options. Whether you are buying a new home or looking to refinance your current home, you can trust Fairway Independent Mortgage of the Carolinas to make your home loan as stress-free as possible. Call one of our four offices today to get started or schedule an appointment with you to really look at your financial plans and help you make the best home loan decision or show you how the path toward ownership. Call us anytime, or simply fill out our online application to get started.