Mortgage rates have dropped for the third successive week with 30yr Fixed averaging 6.04% nationwide, a drop of 10 basis points from a week ago. Freddie Mac sites the weakening economy for the drop in interest rates. Industry analysts forecast further drop in interest rates and with the new administration taking office soon, the need to further stimulate the economy and the housing Industry will be even greater.
This leads us to the burning question? Is it the right time to purchase your home? Unequivocally, the answer is Yes, if your affordability and credit is solid and intact. Awesome deals in the Charlotte Real Estate Area combined with appealing mortgage rates make this decision a no-brainer. See charlotte mortgage lenders & rates – comprehensive link for local borrowers.
Start the New Year in your dream home.
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