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Real Estate, Mortgage and Insurance News
We are going to offer the very latest news from the world of real estate. This will include the latest home mortgage interest rates for your new home loan or refinancing and homeowners insurance news to help you protect your new home. Make sure to bookmark our site or subscribe to it using the link above.
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Archive for the 'General' Category
The Blog is Back
Posted by Moderator on January 10th, 2007Swansboro Real Estate Market
Posted by Moderator on December 28th, 2006If you speak to a Swansboro real estate agent, they will tell you that things have slowed down significantly. Compared to the real estate market of 1 year ago, they are right. However, there are still plenty of things going on to be interested in.
In Jacksonville, NC, there are several new home developments […]
15 Year Mortgage VS 30 Year Mortgage
Posted by Moderator on October 23rd, 2006Most people like fixed-rate mortgages because they know how much the monthly payment will be since it does not fluctuate with the mortgage market. However, the question then becomes a matter of securing a 15-year mortgage or a 30-year mortgage.
While there is no cut-and-dry answer, here is an article that will help you decide:
15 […]
Mortgage Rates Steady
Posted by Moderator on October 20th, 2006The average 30-year fixed mortgage held steady at 6.42%. The average 15-year fixed rate mortgage, which is popular for refinancing, moved to 6.10%, down from 6.11% last week. Adjustable rate mortgages increased slightly: the average 5/1 adjustable rate mortgage was 6.24 and the average one-year ARM settled at 5.92 from 5.90%.
Overall, fixed mortgage rates are […]
Mortgage Rates Low
Posted by Moderator on October 2nd, 2006The nation’s average mortgage rates are at the lowest levels more than six months.
According to Freddie Mac, last week the average 30-year fixed-rate mortgage was 6.40 percent; this week, that same mortgage sits at 6.31 percent.
The last time mortgage rates were this low was in early March when they were at 6.24 percent.
It is hard […]
Real Estate Technology More Important
Posted by Moderator on September 27th, 2006We are constantly amazed at the number of real estate companies and agents that do not utilize modern technology. To some, a fax machine is “modern”. If they have a website (notice we say “if”) it is poorly managed and not visitor friendly. They do not realize how important real estate technology has […]
Large Homes More Common
Posted by Moderator on September 27th, 2006Have you noticed how large homes have become lately. When I was growing up, we lived in a modest 1500 square foot home. Three kids and my parents in a 1500 sq. foot house…that is almost unheard of today. The average home size has increased dramatically while the average family size has […]
Mortgage Rates Dip Slightly
Posted by Moderator on September 15th, 2006 Mortgage Interest rates fell a little again. That makes 9 of the last 11 weeks that rates have dropped. All total, rates on 30-year mortgages have dropped almost a half percentage point.
This week, the average […]
Cedar Point, NC Wal-Mart
Posted by Moderator on September 9th, 2006After much back-and-forth, Wal-Mart is coming to Cedar Point, NC. And it is not going to be just a regular Wal-Mart, it will be a Super Wal-Mart. That means that this small town of roughly 1,000 (and the surrounding areas of Cape Carteret and Swansboro and Emerald Isle) is probably about to get […]
NAR: “Housing Market is Easing”
Posted by Moderator on September 7th, 2006The Pending Home Sales Index is a leading indicator for the housing market as published by the National Association of Realtors. According to the NAR, based on contracts signed in July, the index is down 7 percent to 105.6. In June the index was at 113.5. For the year, it is down 16 […]