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: 646
About Brian: ...

Property Search









RSS Feed

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

Search Blog

Recent Blogs

Real Estate Testimonial Gerald And Shayna First Time Home Buyers - Woohoo! It sure is a great day to
Apple Inc Is Coming To Wake County NC - Apple just announced a new campus
August Triangle Market Update - Market is hot in!
Raleigh Real Estate Market Update August 2020 - Raleigh Real Estate Market

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

Other Locations