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Mortgage rates hit record lows: how affordable is housing?
How low are interest rates? The average rate on a 30-year mortgage fell last week to 4.49%, with 15-year loans down to 3.68 %. These are unheard-of numbers and are even more striking for adjustable rate mortgages, which are 3.28% for a five-year ARM and 2.95% for a one-year ARM. Interest rate history Freddie Mac [...]
Home sellers think prices are rising, could they be right?
79% of NC agents believe prices have decreased HomeGain has published the results of their first quarter 2011 survey results of North Carolina agents, reporting that 79% of the agents polled think that homes have decreased in value in the last year, with 5% saying that home prices have increased and 16% reporting that prices [...]
A great Fearrington townhome
We have three new listings coming up that I will be highlighting here, but I’d like to give our older listings equal time as well. This townhome in Fearrington is a rare one-level unit in a beautifully private location in the neighborhood. If you’re not familiar already with Fearrington, you might want to visit our [...]
Welcome!
I confess, I’ve been planning to start a real estate blog for a long time. With a big redesign of our website, I decided the time was finally ripe to take the plunge. I’m a real estate agent and the owner of Lynn Hayes Properties, a wonderful and happy real estate company that is dedicated [...]
