Our team of agents are ready to help you find your new front door. If you are looking for a home anywhere in the Triangle area of North Carolina, let us put our experience to work for you.
And if you need to sell your home, we have the knowledge and skills to help you market your property so that you can find the peace of mind you are looking for.
Call us today at 919.604.5289 or visit our Contact page to message our office and agents so that we can go to work for you!
QUESTION OF THE DAY
WHY DIDN'T MORTGAGE RATES GO UP WHEN THE FED RAISED THEIR RATE?
Did you wonder why mortgage rates fell again slightly right after the Fed raised the discount rate? Weren’t they suppose to rise? There are several factors here for you to remember. The Fed rate is what the Fed charges banks to borrow money. When the rate rises it directly effects the amount of interest you pay on credit cards and non-mortgage related bank loans. Mortgage rates are far more independent of the Fed rate even though historically they follow the same trend. The big factor cur-rently, according to economists, is the lack of inventory in the real estate market. There is a lot of competition for good properties making certain markets look robust when the overall real estate market is mediocre at best. For the time being these factors are holding down mortgage rates.
Tony Craver, Broker-in-Charge