Crazy interest rates
I had an email from one of the lenders I work with saying that she has fixed rates at 3.75% with a 1% origination fee. I couldn’t believe that was correct so I wrote her back that she had made a typo in her email. It was no joke! These are incredible interest rates which [...]
“Buy and Bail” – a disturbing new trend
Because the vast and growing number of foreclosures is the main driver for the continued drop in home prices, anything that encourages homeowners to abandon their homes is not a good thing for the housing market. But statistics report that over 20% of homeowners are currently “underwater” or “upside down” on their mortgage, meaning they [...]
Gas prices deal a blow to the rural market
The Chapel Hill/Carrboro real estate market includes a large rural area as well, including northern Chatham County and the rest of Orange County. The wonderful thing about living in our area is that you can live out in the country and enjoy downtown amenities in one of our small towns ( Hillsborough, Durham, Chapel Hill, [...]
