April 20th, 2016 by admin
Posted in Uncategorized |
Tags: 2016, Coastlend, eco friendly, housing, housing trends, mortgage, smart homes, trends
Interest Rates Will Rise. It should come as no surprise that the Fed is gradually raising interest rates. However, this should not scare away buyers. The rate at which the Fed has decided to increase rates will not have a major effect on purchasing. A 30 year fixed rate mortgage will be the least effected…
February 5th, 2016 by admin
Posted in broncos, panthers, Real Estate, superbowl |
Tags: carolinas, charlotte, coastlendmortgage, denver, housing, panthers, Realestate, superbowl
Many predict the Panthers to win the super bowl but, how does their real estate market measure up to the Broncos? Charlotte, NC home of the Panthers have a median house price of $227,00 in comparison to Denver, CO where the average list price is $474,000. However, in Charlotte homes stay on the market around…
December 9th, 2015 by admin
Posted in Interest Rates |
Tags: charleston mortgage, down payments, housing, interestrates, mortgage
As interest rates begin to rise buyers in the lose purchasing power. Simply stated, for every 1% interest rates rise, a buyer will lose 10% purchasing power. So with a rate of 4.25% on a 200,000 loan, the payment would be $983/month. When, not if, interest rates rise to 5.25% a buyer would have to…