Charlotte Home Sales up 31%; Interest Rates up Too
Sunday, January 3rd, 2010Souces: BizJournals.com
The Charlotte area produced 2,000 home sales in November, a 31 percent increase from November 2008, the North Carolina Association of Realtors reports. Read the full article here.
Freddie Mac (NYSE:FRE) said 30-year fixed-rate mortgages averaged 5.14 percent with an average 0.7 point for the week ending Dec. 31, up from last week when it averaged 5.05 percent. Last year at this time, the 30-year fixed-rate mortgage averaged 5.10 percent.
The 15-year Fixed-rate mortgage, popular for refinancing, averaged 4.54 percent with an average 0.7 point, up from last week when it averaged 4.45 percent. A year ago at this time, the 15-year loan averaged 4.83 percent. Read the full article here