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Mark you calendars: October 21 at 8:00 a.m.  That is when the 3rd annual Emerald Isle Triathlon will kick off.  This year, the field will be limited to 300, so make sure to signup early.
Read the article on the Emerald Isle Triathlon here.

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The last time that home sales levels were this low was January 2004. All around the country, July home sales were way down, except in the South.Most experts feel that the downward trend will continue through the first part of 2007 because the existing homes inventory is at the highest level in 13 years. […]

General, Mortgage News, Real Estate | No Comments »

Mortgage rates dropped for the fifth week in a row. They were reacting to slow economic growth and the news that home sales slid down 4.1 percent compared to June. The average 30-year fixed rate fell to 6.48 percent from 6.51 percent. The average 15-year fixed, which is a popular option for refinancing, fell […]

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We are looking for authors to write for our blog. Our readership is growing daily and, becoming an author is a great way to advertise your services or make the community aware of important projects and news.
Contact us by leaving a comment or sending us an email (swansboroncrealestate AT yahoo DOT com) to find […]

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Interest only mortgages are great for allowing borrowers to get into homes that they could not otherwise afford. However, when it comes time for these mortgages to reset, the new payment amounts can come as quite a shock.
Many nationwide mortgage lenders are concerned that this will cause a rise in the number of loan […]

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Many in the mortgage business use this popular calculator.  It has all the financial functions you could want.  Well now you can download it for use on your desktop computer (or laptop, for that matter).
Thanks to Realty Blogging for finding this and making us aware of it!  Click here for all the information.

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The demand for home refinancing is leading the increase in home mortgage applications, according to the Mortgage Bankers Association.  The blog North Carolina Mortgage Loans has a post with all the details.  Here is an excerpt:
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and purchasing loans, […]

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Whether you are trying to secure a mortgage for a new home or looking to refinance your existing mortgage and consolidate debt, you have to love this news.
Mortgage rates fell for the fourth week in a row and the sixth time in seven weeks. The 30-year fixed hasn’t been this low since the first week […]

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Federal agencies have proposed to change their requirements for what developers must do to make up for wetlands destroyed by construction projects. According to agency officials, this proposed rule may encourage use of “mitigation banks,” wetlands tracts that are preserved or newly created that can be used to offset lost wetlands elsewhere.
Benjamin Grumbles, the Environmental […]

General, Home Building, Commercial Construction | No Comments »