Thursday, January 19, 2012
Interest rates actually dropped a little lower this week. Unbelieveable! With this, mortgage and refinance applications actually surged this week – they increased more than 20%. More specifically, refinance applications increased 26.4% and purchase applications increased 10.3%.
Laura Hall with Corporate Investors Mortgage Group in Chapel Hill, provides Team Jodi Realty with weekly interest rate updates. The latest rates are:
FHA 30 Year Fixed
3 Yr. Arm
5 Yr. Arm
It is hard to believe that interest rates keep getting better. When you think they could not go any lower, they do!
This week I am going to share my house pick of the week. I was out showing property yesterday and I have to say, the house at 2 Twinleaf Place in Durham’s Croasdaile Farm is my buy of the week. This house is priced at $390,000 and it has been beautifully updated. This house has been on the market a while and originally did not go on the market looking like it looks now. This house is a GREAT buy in an executive neighborhood at this price. Croasdaile Farm is a $500,000+ neighborhood. It is located off Hillandale and Carver Roads and is minutes to the Duke Hospital complex. It is also close to the highway for easy access throughout the Triangle.
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