Raleigh Residential Real Estate – Mortgage Rates Falling – It’s a good time to buy or refinance a home in Raleigh, North Carolina area
Raleigh Residential Real Estate – Mortgage Rates Falling – It’s a good time to buy or refinance a home in Raleigh, North Carolina
Several of our sources are reporting a drop in interest rates. Today Inman News reports the 30-year fixed-rate average sank to 6.08 percent, and the 15-year fixed-rate dipped to 5.79 percent. The 1-year adjustable held at 5.4 percent.
HomeBanc is predicting rates to fall or remain the same in the short term.
A lot will depend upon what happens when the Fed meets tomorrow. Some are reporting that there is less than a 20% chance the Fed will raise rates. I’ll follow up tomorrow with what the Fed actually does.
All of this means it is a good time to go ahead and make an offer to purchase a home or consider a re-finance on your home if your current interest rate is about a half a point or more higher than the above figures.
The Poling Team would love to be your NC Realtors – give us a call on our toll free number at (888) 221-5940 to hear about our homes for sale and lots of free information or to be connected directly to us.
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