Charlotte Real Estate » mortgage rates http://beauferguson.com Beau Ferguson Mon, 12 Dec 2011 18:06:06 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Interest Rates Starting to Climb! http://beauferguson.com/2010/12/21/interest-rates-starting-to-climb/ http://beauferguson.com/2010/12/21/interest-rates-starting-to-climb/#comments Tue, 21 Dec 2010 16:20:19 +0000 admin http://beauferguson.com/?p=166 Are you the wandering buyer that’s been on the fence awhile when it comes to purchasing a home? Well, let me just say….get off off the fence!! Interest rates are now rising, and it’s anticipated they may jump up a few more times before the end of the week.

If you can currently buy a home (on a fixed rate) for close to what you would be paying in rent anyway, then buy the home! With home prices down, interest rates still in a good place, and mortgage interest deductions on your tax bill, it really doesn’t make  much sense to keep writing that rent check.

I realize the economic uncertainity has paralized many potential home buyers, however unless you are planning to move again within the next 5 years, you have a very strong chance of weathering the storm and to be there for the next real estate upswing. Believe me, If I had the funds, I would be buying multiple properties all over the place.

]]> http://beauferguson.com/2010/12/21/interest-rates-starting-to-climb/feed/ 0 New FHA Insurance rates take effect soon! http://beauferguson.com/2010/09/14/new-fha-insurance-rates-take-effect-soon/ http://beauferguson.com/2010/09/14/new-fha-insurance-rates-take-effect-soon/#comments Wed, 15 Sep 2010 02:16:43 +0000 admin http://beauferguson.com/?p=159 Upfront premium going down……..HOWEVER  Monthly premium will have considerable increase!

The FHA’s new mortgage insurance rates are effective for case numbers issued after October 4th. The upfront insurance is going down but the monthly premiums are going up which is going to create an unwelcome payment increase for those who started their shopping at the old rates. To take advantage of the current rates, buyers will need to act now. A case number can be obtained as soon as there is a fully executed purchase agreement. The new upfront premium will be 1.0% but the additional monthly premium for the minimum down payment borrower is going up from .55% to .90%.

]]> http://beauferguson.com/2010/09/14/new-fha-insurance-rates-take-effect-soon/feed/ 1 Rates have dropped again! http://beauferguson.com/2009/03/20/rates-have-dropped-again/ http://beauferguson.com/2009/03/20/rates-have-dropped-again/#comments Sat, 21 Mar 2009 02:07:10 +0000 admin http://beauferguson.com/?p=106 WOW!!!
Can it get much better.  For those of you with qualified credit, rates on FHA mortgages have dropped to the MID 4s!!!! Keep in mind, THE GOVERNMENT IS GIVING UP TO $8000 TO FIRST TIME HOME BUYERS WHO BUY A HOME IN 2009!!!!!!!!!!  That coupled with the extremely low rates is a DREAM COME TRUE!!!
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