13 Jan Monday Real Estate Review
After moving upward in the first week of the New Year, long-term home mortgage loan interest rates held steady this past week. Freddie Mac says the average rate on a 30-year fixed-rate mortgage was 4.51% in the week ending Jan. 9, down from 4.53% last week (Thirty-year mortgages averaged 3.40% a year ago.) A 15-year fix averaged 3.56% this week, up from 3.55%. A one-year adjustable-rate mortgage averaged 2.56%, down from 2.60%.
Most recent reports on the Charlotte housing market show continued improvement. According to the National Association of Realtors, pending sales of existing homes in November rose. The S&P/Case-Shiller Home Price Index showed average home values in the 20 biggest cities in October were up 13.6% from a year earlier. According to financial website NerdWallet.com, Charlotte is among the cities with a more positive outlook for job seekers in 2014. Our Queen City was listed fifth because of its status as a major financial center and its diverse economy, with the city’s largest employers ranging from manufacturing to financial services.’
The real estate and mortgage industries depend on referrals for continued business; therefore any real estate agent worth their salt will work diligently to leave every client with the best possible experience. It is our hope that agents in and around Charlotte always trust their clients in our capable hands. At Fairway Independent Mortgage of the Carolinas, taking care of relationships and assisting people in making the right lending choices are what we do.
Fairway Independent Mortgage of the Carolinas knows that our ability to perform at a consistently high level, we have a genuine interest in partnering with Charlotte’s best real estate agents and helping people achieve their financial goals. We believe in partnering with the best in the business to build our community and our business. Right now is one of the best times to consider all of your home buying or selling options and making sure that you find the right real estate agent. 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 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. We have locations across the Carolinas to make meeting convenient, or simply fill out our online application to get started.