Mortgage Rates Fall Lowest Since October

Mortgage Rates Fall Lowest Since October

However, I learned that lower mortgage rates have not done much for the housing market. Applications for home mortgages are about 10% behind the pace of a year ago, (according to Mortgage Bankers Association).  The rest of the article cites a few reasons, one being home sales have been hurt by a lack of inventory.  I know this has been my experience in the Triangle area.  Also, I am happy to report, lending rules continue to be very strict.  

To read more on this subject by CNN reporter Les Christie, go to: http://money.cnn.com/2014/05/22/real_estate/mortgage-rates/index.html


Brian Hargrove Headshot
Author:
Phone: 919-830-5233
Dated: June 4th 2014
Views: 557
About Brian: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Grow Local Realty
140 Raleigh Street
Holly Springs, NC
919-582-7340
919-867-6464