Charlotte Real Estate|Charlotte Mortgage Update-Oil Price Decline Good For Market
July 8th, 2008 Categories: Real Estate News
The Charlotte Mortgage Update July 8, 2008
Mortgages- FHA, VA, Fixed or Adjustable Rates Available- Olan Carder Myers Park Mortgage
OIL Prices impact rates… for the GOOD!!
OIL PRICES AGAIN??? But wait… it’s good news this time!! Oil prices have dropped $9 in the last 2 days and Charlotte mortgage rates are responding! With the oil prices dropping, inflation concerns are less and mortgage rates improve. Wow.
This is one of those abnormal markets in which stocks and mortgage bonds are doing well at the same time. The bottom line is everyone is happy that oil prices dropped a little, no matter what they are investing in!
Current Advice: FLOAT CAUTIOUSLY
30 Year rates are around 6.125% 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!
Product Highlight
Conforming Stated Income loans
These loans have changed recently and as you might guess… not for the better! The new stricter guidelines include:
- Minimum 730 Credit score
- Minimum 30% Down Payment
- No cash-out allowed on refinances
- Second Homes allowed but no Investment Properties
The good news is that the interest rates aren’t bad at all! You can get a 30 year fixed right now for around 6.500%, provided excellent credit scores and a loan amount over $150K.
You can 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
Stated income, VA loan, FHA loan, Fixed or Adjustable, if you are in Charlotte, Call Olan to help. He is an expert who has been helping my clients for over 3 years.
Moving to Charlotte? Weddington, Waxhaw, Lake Norman perhaps?
(in 2006 half my business was at Lake Norman) Considering a Move? Just give me, Terry, a call at 704-351-1519. I am a Buyer’s Agent specializing in relocations–and will represent only you. If you prefer, you can also search the entire MLS, by area with the first link below.
Related Links
Charlotte Real Estate Insurance and Taxes
Home Prices Rise in South Charlotte in First Quarter of 2008
Myers Park Homes for Sale- Over $1M
