Interest Rate Update & Team Jodi’s Recommended Best Buy

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:

Interest Rate

Conforming Rates

Jumbo Rates

30-Year Fixed



15-Year Fixed



20-Year Fixed



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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