Rates are Already Rising

Conventional 5.125%
Conventional 15 year 4.375%
5/1 ARM 3.750%
FHA 5.00%
VA 5.00%
NCHFA 4.750%
Investment 5.750%

A week ago (March 26), conventional was a flat 5, so they are moving up...

Rising Interest Rates

A lot of people don't realize the impact an interest rate can have on their payment... for example, on a $100,000 loan, the difference between a 4.5% rate and a 5.5% rate could be $100 a month! So, with economists forecasting that rates will rise after April 30, it is extremely prudent for a lot of folks to put on their home finding hats NOW, get a home under contract, and lock their rates. I have heard some buyers say "well, after April 30 there won't be as much demand, so sellers will have to reduce their prices...". While this may be true in some cases, those rising interest rates may more than make up for any price cut done by aggressive sellers. So, why not take advantage of the low rates AND the tax credit and find something now? As always, I am here to help!

Weekend Rates

Conventional 5.00%
5/1 ARM 3.750%
FHA 5.00%
VA 5.00%
USDA 5.00%
NCHFA 4.750%
Investment 5.750%

As always, call, text, email, or tweet for more info!
336-714-9444
336-244-4269
amanda.shore@allentate.com
@amandashore

A Double Whammy

Everyone knows that the tax credit "under contract by" date is April 30, but a lot of folks don't realize that coming soon, FHA funding fees will increase. So many people rely on FHA loans for their home purchases, and when that upfront fee increases, more cash will be required to close. You can get MORE house NOW for the same amount you will be able to get LESS house for LATER. If you are on the fence, jump off and call today!

Turnkey in Winston-Salem

I have just put a 2BR home on the market in Winston-Salem just off Hwy 52... talk about a dollhouse! This all brick ranch with vinyl trim (so no painting needed ever!) would be perfect for an empty nester or maybe a young person just starting out. It has 2 good sized bedrooms, a large bath, a spacious living room, and the kitchen is open and airy and bright -- when you turn the corner to enter, you will be surprised! The owner has meticulously maintained it while she has lived there, and the lot... oh my goodness! The front yard is plenty big enough, but the backyard would accomodate a garden, playset, trampoline, AND swimming pool! The home also boasts a nice storage building, a patio in back, an attached 1 car garage, and wonderful neighbors. Visit 5626 Plantation Drive on AmandaShore.com today!

Today's Rates from Allen Tate Mortgage

Rates are still wonderful with both conventional and FHA below 5%! Forecasts predict they will be going up soon, though, so you better act fast. Call or email me for more info, and please see below:

Conventional 4.875%
5/1 ARM 3.750%
FHA 4.875%
VA 5.00%
USDA 5.00%
NCHFA 4.750%
Investment 5.625%


For mortgage help, contact me or Jennifer Tuttle with Allen Tate Mortgage at jennifer.tuttle@allentate.com. Phone calls do not obligate you to use our services.

Surprising...

Not Much Impact from Repeat Buyer Credit
It sounded like a great idea three months ago: Hand homeowners a $6,500 tax credit to find a new place to live, giving a thrust of energy to the housing market's recovery. So far, however, people are staying put.
http://tinyurl.com/ybl2wph

Taken from NCRealtors.com