Charlotte Mortgage Update- May 28 2008
May 28th, 2008 Categories: Charlotte News and Politics
The Charlotte NC Mortgage Update May 28, 2008 from Myers Park Mortgage
Mortgage Interest Rates
My advice is still to lock. If you are closing in the next 15 days, lock. The market is a little bit better today so far on mixed news. The consumer confidence report was bad, but new home sales were much better than expected, up 3.3%! With no more news coming today, traders will primarily be watching oil prices and stocks. Rates are still low, so I would not risk it right now. The odds are definitely against rates dropping in my opinion.
We offer rate protection against higher and lower rates! If that peeks your interest - give me a call!
HOT Products… Quality Loans to Consider
NO PMI? We are once again able to offer “Lender Paid” PMI for loans upto 97%!! This is a fantastic way to get around paying expensive mortgage insurance without having to put a ton of money down. This can also help relieve tax burden by making the PMI tax deductible. DOWN with PMI!!!
FHA and VA loans are still hot too! FHA is still an excellent vehicle for first and 2nd time home buyers. And if if you are a veteran, you should own a home… it’s the best deal going, and no money down won’t be a problem!!
Mortgage Bond Chart: (Higher Bond prices = Lower Rates)
Apply Today at http://www.mycharlottelender.com/applyNow.html
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Moving to Charlotte? Considering a Move? Call me, Terry, about these or any other homes in the greater Charlotte area at 704-351-1519 or Search All Charlotte Homes , for that perfect home in Charlotte.
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