Here in Cary, NC we are lucky that we have a strong real estate market – yes there are many new homes “on sale” as New Home Builders have a large inventory – but overall we are LUCKY that we have APPRECIATING property values! Now we find that Rates could go below 5%.
The Fed Reserve has lowered their lending rates – and it looks like mortgage interest rates in Cary could be the cheapest they have been in YEARS! Home loan interest rates should be below 5.25% on a fixed rates mortgages before the end of the day!
We are talking to people who want to refinance their adjustable rate mortgages – and they want to know if this is a good time to refinance! Our suggestion to folks in Cary, NC is that you apply now, have everything ready, and then wait and see if the Fed lowers one more time next week!
We also recommend that those refinancing look for the lowest mortgage rates in Cary, NC and the lowest COST of refinancing. We offer our clients no cost refinances and feel that this option is best for most borrowers. We will also discuss with you the opportunity to add equity to your home by reducing the TERM of your mortgage!
Please call us to help with your mortgage financing needs!
Steve and Eleanor Thorne, Senior Mortgage Loan Officers, 919-649-5058 at Mortgage Banker in Cary in Cary, NC.