Raleigh Residential Real Estate, Good news for the Raleigh, NC Home Buyers - U.S. mortgage rates drop near six-month lows and there is lots of inventory!
Raleigh Residential Real Estate, Good news for the Raleigh, NC Home Buyers U.S. mortgage rates drop near six-month lows and there is lots of inventory!
Market Watch reported on November 1st that U.S. mortgage rates drop near the six-month low:
“The 30-year fixed-rate mortgage averaged 6.26% for the week ending Nov. 1, down from last week’s 6.33% average, according to Freddie Mac’s weekly survey. The mortgage rate hasn’t been this low since the week ending May 17, when it averaged 6.21%. It averaged 6.31% a year ago.â€
Read the full article at: U.S. mortgage rates drop near six-month lows
In addition, the supply of homes currently listed for sale in the Triangle Multiple Listing Service (TMLS) is up about 26% above November of last year. In Wake County NC there are (as of today) 8,252 active listings compared to 6,413 active listings in November 2006. This is a 28.7% increase over November 2006.
So if you have a good credit score and are interested in buying a home, it is a great time to get started in the home buying process.
We have a free and helpful home buying guide on our website at: Home Buyer’s Guide




