The Charlotte Mortgage Update July 3 2008
July 3rd, 2008 Categories: Real Estate News
Interest Rates, Economic Growth… Which Way to Turn?
Charlotte Interest Rates
Everyone wants to know what interest rates are GOING to do… unfortunately all we can know is what they are doing and why. They are currently rising, but very little. They improved last week and have held their ground this week for the most part.
What is driving them… the same thing driving everyone nuts!! OIL PRICES and INFLATION WORRIES are overwhelming everything else. Even though the stock market is suffering the economic numbers released these week were very bad, the rates haven’t improved more because of… OIL PRICES AND INFLATION WORRIES.
30 Year rates are around 6.25% and 15 year fixed are running around 5.75%.
We offer rate protection against higher and lower rates! If that peeks your interest - give me a call!
Veteran VA Loans- Product Highlight
VA Loans offer past and active service members the opportunity to own a home with no money down and a great monthly payment. VA loans have gotten a bad-rap in the past, mostly due to ancient appraisal methods that caused many Realtors to cringe at the thought of VA financing. That has changed and although getting a VA mortgage is still a little unique, the problems have become almost non-existent. VA loans offer:
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ZERO DOWN (which is pretty tough to come by these days)
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Maximum loan now upto $417,000!
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Relaxed credit requirements (no hit to interest rates if crdit score >619)
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NO monthly mortgage insurance (no PMI)
To find out if you qualify for a VA loan today, visit: http://www.homeloans.va.gov/
Apply Today at http://www.mycharlottelender.com/applyNow.html.
Olan Carder
Your Charlotte Mortgage Specialist
Myers Park Mortgage
980-721-7478
www.mycharlottelender.com
olan@myersparkmortgage.com
