North Carolina Mortgage Rates: Mortgage Rates Remain Steady in North Carolina
January 20, 2011 (FreeRateUpdate.com) –After unexpected favorable reporting that jobless claims were down and existing home sales have increased, mortgage rates continue to remain steady in North Carolina.
Still below 5%, North Carolina 30 year fixed rate mortgages are at 4.625% and 4.000% for North Carolina 15 year fixed rate mortgages. Still below 4%, North Carolina adjustable rate mortgages remain at 3.125%. These are the best North Carolina mortgage loan rates available to North Carolina borrowers who are able to meet lender guidelines and have maintained excellent credit.
North Carolina FHA mortgage loan rates are following their conforming counterpart and remain unchanged. North Carolina FHA 30 year fixed rate mortgages are at 4.500%, North Carolina FHA 15 year fixed rate mortgages are at 4.000% and North Carolina FHA 5/1 adjustable rate mortgages are at 3.000%. These low
North Carolina FHA mortgage rates make it a favorable time to acquire mortgage loans for North Carolina home buyers and North Carolina refinances. Borrowers who opt for North Carolina FHA mortgage loans pay higher FHA closing costs (APR) due to applicable FHA fees and the upfront mortgage insurance premium.
North Carolina jumbo mortgage loans are also continuing to remain stable. For North Carolina high end borrowers in need of jumbo mortgage loans, North Carolina 30 year fixed jumbo mortgage loans are at 5.125% and North Carolina 15 year fixed jumbo mortgage loans are at 4.750%. Still below 4%, North Carolina jumbo 5/1 adjustable rate mortgages are at 3.875%. These North Carolina jumbo mortgage loans are available to borrowers who have outstanding credit with 0.7 to 1% origination fee.
MBS prices (mortgage backed securities) drive mortgage rates up and down by going in the opposite direction. With today's positive data reporting, investors reactions caused MBS prices to go down -11/32.
North Carolina has been a growing state for many years and will continue to be so throughout the economic recovery. With home prices down, it is a great time for North Carolina residents to purchase homes or refinance existing mortgages while all North Carolina mortgage loan rates are remaining low.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders' rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard .07 to 1 point origination.
North Carolina mortgage rates
North Carolina FHA mortgage rates make it a favorable time to acquire mortgage loans for North Carolina home buyers and North Carolina refinances. Borrowers who opt for North Carolina FHA mortgage loans pay higher FHA closing costs (APR) due to applicable FHA fees and the upfront mortgage insurance premium.
North Carolina jumbo mortgage loans are also continuing to remain stable. For North Carolina high end borrowers in need of jumbo mortgage loans, North Carolina 30 year fixed jumbo mortgage loans are at 5.125% and North Carolina 15 year fixed jumbo mortgage loans are at 4.750%. Still below 4%, North Carolina jumbo 5/1 adjustable rate mortgages are at 3.875%. These North Carolina jumbo mortgage loans are available to borrowers who have outstanding credit with 0.7 to 1% origination fee.
MBS prices (mortgage backed securities) drive mortgage rates up and down by going in the opposite direction. With today's positive data reporting, investors reactions caused MBS prices to go down -11/32.
North Carolina has been a growing state for many years and will continue to be so throughout the economic recovery. With home prices down, it is a great time for North Carolina residents to purchase homes or refinance existing mortgages while all North Carolina mortgage loan rates are remaining low.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders' rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard .07 to 1 point origination.
North Carolina mortgage rates