OBX Mortgage Rates

Nov. 27, 2013

How Rising Interest Rates Affect Your Purchasing Power

Just one year ago, interest rates, which had been at historic lows, began to rise, and only recently leveled out and even dropped a bit.  While the Wall Street Journal claims that higher interest rates are causing only minor slowdowns in market demand, even small interest rate increases will ...

View More
Oct. 3, 2013

Why Are Mortgage Closing Costs Increasing?

Whenever you get approved for a mortgage, you have to pay closing costs. These are fees that lenders and various third parties charge when you purchase your home. Closing cost fees typically include attorney’s fees, loan origination fees, inspection fees, appraisal fees, title fees, and various other costs that can ...

View More
Posted in OBX Mortgage Rates
Aug. 20, 2013

3 Negotiating Tips for Sellers

Selling a home can be stressful, especially if you’re relying on making enough off your home to be able to buy the new home you really want. That being said, it’s important that you get all you can out of the negotiating process. Not knowing how to negotiate skillfully can ...

View More
Posted in OBX Mortgage Rates
July 25, 2013

When Should You Close On Your New Home?

Many home buyers don’t realize the importance of their closing date. As a buyer, it’s very important that you have a say in selecting the closing date for your new home. The date you choose can play a big role in saving you money and ensuring a smooth moving experience ...

View More
Posted in OBX Mortgage Rates
July 15, 2013

The Surging Condominium Market

With the housing market recovering well and, in fact, surging in recent months, one interesting trend to note is that the market for condominiums has been improving as well. In fact, The condominium market is outpacing single-family homes in many cities across the country. This is noteworthy because the condo ...

View More
Posted in OBX Mortgage Rates
May 15, 2013

What to Do if Your Home Doesn’t Appraise for the Purchase Price

An appraisal is an integral part of a real estate transaction, and is important for several reasons.  First, if you are financing the property, your loan amount will be based on the lower of the sales price or the appraised value.  Second, it helps determine you are paying a ...

View More
Posted in OBX Mortgage Rates
May 1, 2013

Can You Still Get a Low Mortgage Interest Rate?

While the economy continues to show signs of improvement, you might be wondering where interest rates have gone, and if you can still get in on the historic lows. The answer is yes!  And if we follow historic trends, that should continue for the rest of the year.  ...

View More
Posted in OBX Mortgage Rates
Feb. 6, 2013

Four Ways the "Fiscal Cliff" Bill Affects Real Estate

As you have already probably heard, the federal government narrowly averted a disaster by passing a “fiscal cliff” bill on New Year’s Day. The bill, which President Obama signed the day after it passed through the legislature, has important implications for the real estate market. Here are the four highlights ...

View More
Posted in OBX Mortgage Rates
Feb. 22, 2012

February 22, 2012 Mortgage Report

Mortgage rates are finally starting to creep upwards, with rates for conforming 30 year fixed loans hitting 4% this week.  For most of February, rates stayed around the 3.875% mark, and dropped as low as 3.625%.  Of course this is no cause for alarm, and interest ...

View More
Posted in OBX Mortgage Rates
Feb. 13, 2012

February 13, 2012 Mortgage Report

Rates saw a slight uptick across the board from last weeks report, with a 30 Year Fixed Conforming loan rising to 3.875%.

These rates are brought to you by Mortgage Network, one of our local Outer Banks recommended professionals and are subject to change without notice.

 

Product

Rate ...

View More
Posted in OBX Mortgage Rates