Rates going up !

Real Estate Broker/Owner - Osborne Realty
In Pineville NC we are always looking for  a  great free Friday night out on July 24 with the family.  The Pineville Park and Recreation Department is sponsoring  a  free concert at the Belle Johnston Park with a  country band name Van Waylon Band.  The concert starts at 7:00 PM at the Pineville ...
The Charlotte Symphony Orchestra will perform from 8 - 9:45 PM 6/26/2009 at the Pineville Park Lake near the Belle Johnston Center follow the signs.  Bring your blanket, chairs and enjoy the great music outdoors !  Pineville NC is a great place to settle down it is a small community with lots to ...
Single Family (Active) Area: 24/3 MLS#: 867540 LP: $ 232,000 Subdivision: Almond Glen 4343 Haddington DR Tax Loc: Lancaster Fort Mill, SC  29707    County: Lancaster   Total HLA: 2300 - 2800 Unheated SqFt: 0 Additional SqFt: 500 - 700   Beds:  4 Baths:  2/1   SqFt HLA Unheated Main: 1000 - 1300 ...
Washington Report: Housing Tax Credit by Kenneth R. Harney A campaign to extend and expand the housing tax credit officially got underway on Capitol Hill last week. Bills have now been introduced in both the Senate and the House to open up the credit, to all buyers, keep it on the books through n...
Interest rates are moving up in Ballantyne and Fort Mill ! Pending sale are up 6.7% across the country and low rates maybe history soon under 6%. Why wait to purchase a home.   Judy Osborne Osborne Realty 704-889-7653 Visit us

Judy Osborne

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Rates Moving Up When you are buying a home in the Ballantyne or Fort Mill area of Charlotte, you need to have a good lender. Bill McConnell has something to say about the market rates this week. Was it I who just last week was tooting my horn about how stable mortgage rates have been? Ha! What do I know! Mortgage rates spent 10 wonderful weeks swimming in the warm waters of 4 - 5%. If you were smart, you put on your bandana and stole one of those rates. Maybe you refinanced your primary home and saved a few hundred a month. On the other hand, maybe you took advantage of a great rate and short sale to get that beach house you have always wanted. You look extra-smart today. Give yourself a gold star. Those who missed the boat by waiting for rates to fall even lower got a rude awakening on Wednesday or Black Wednesday, as it’s been dubbed. Rates took a hard turn for the worse that day as the market reacted to the nation’s growing budget deficit and enormous Treasury issuance. There is a real fear the Fed’s policies are inflationary. This created a run-up that ultimately handed us the worst rates seen so far this year. Today the market’s trying to rebound, but it may establish a new (higher) range before things settle down. The 30-yr. Fixed opened at 5.125% this morning for the best-qualified borrowers. It will be interesting to see what effect the bad press has on the housing market. I expect the market for refit has to cool a bit, but first time homebuyers should continue to snap up foreclosures and short sales. As the week progresses, shoot me a note and let me know what you are seeing. In the meantime, to quote Tom Hanks in Castaway, “I gotta keep breathing. Because tomorrow the sun will rise…and who knows what the tide could bring.” Have a great week, and call or email me if I can help you.