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Mortgage Rates PLUNGE to mid 4% in Franklin NC Real Estate Market

Nov. 28, 2009

Mortgage Rates PLUNGE to mid 4%  in Franklin NC Real Estate Market

  Mortgage Rates in U.S. Fall to 4.87% 

  As a real estate broker, it's always fun to watch what excites other people. A real estate broker will get excited that he or she has a new listing, or a hot sales contract that is closing or perhaps a great referral from another agent, this list goes on. But what really gets me is to see the look on a bank officer's face when they come into the real estate office all excited over NUMBERS! Yes, NUMBERS! Numbers excite bankers all the time whether they are negative or positive.. Numbers are their world! This week I had a loan officer come into my office on "CLOUD 9", just so excited that rates have come down below 5% into the mid 4's! He actually got me on fire with his enthusiasum for the new rates!  I began to tell him about how the home prices have come down to more affordable levels and that it is a "WIN-WIN" for everyone involved in real estate... from the banker, to the buyer, to the seller, to the agent, to the economy in general! The market in Franklin NC is ON FIRE right now... Phones are ringing, Buyers are buying, and Sellers are selling!  It's just an all around great time to aquire that dream mountain home you've always wanted because RATES ARE LOW...HOME PRICES HAVE COME DOWN.. AND MONEY IS AVAILABLE... Come to think of it, I'm getting excited about "THE NUMBERS"!  I'll SEE YOU IN MY OFFICE!


By Brian Louis

Oct. 8 (Bloomberg) -- Mortgage rates for 30-year fixed U.S. home loans fell for the second consecutive week, pushing borrowing costs to near record lows.

The average U.S. 30-year rate dropped to 4.87 percent from 4.94 percent last week. The 15-year rate was 4.33 percent, mortgage buyer Freddie Mac of McLean, Virginia, said today in a statement.

Falling rates helped boost home-loan applications last week to the highest level since May. The Mortgage Bankers Association’s index of applications to purchase a home or refinance rose 16 percent. Rates around 5 percent, slumping home prices and a government tax credit for first-time homebuyers are bolstering demand for housing.   READ THE COMPLETE STORY HERE

Franklin NC Real Estate - Macon County NC- Otto, NC
"Offering Solutions To My Clients"
John Becker / Bald Head -
your gateway to Paradise in the Smokey Mountains of Franklin, NC.  John Becker / Bald Head provides a superior level of informed, professional real estate service to Buyers and Sellers of real estate in Franklin NC, Macon County, Otto NC, and the Great Smoky Mountains. You can find every bit of information you require for your Franklin, NC real estate endeavor with John Becker / Bald Head Exit Smokey Mountain Realty.Call 828-506-3719

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