Mortgage Interest Rates Move Higher

Mortgage Interest Rates for Charlotte, NC move higher based on volitile markets.

As credit markets tighten credit is becoming harder to find and more expensive.  Mortgage rates, even though relatively low, saw a big jump today and the mortgage bond markets took a beating.  If you need to refinance to a fixed rate loan DO NOT WAIT!  Rates are headed higher and it is uncertain how strict the guidelines will become in the near future.

Many lenders have already taken measures to tighten their lending guidelines.  New rules have been put in place for people that own more than one property, for investors and penalties for low credit scores have become standard.

As a mortgage banker, we can offer the best of both brokers and banks.  We process and underwrite your loan in house, but can still shop rates and offer the most competitive pricing.  We are fully authorized for FHA loans, VA loans, Conventional, JUMBO and even offer USDA Rural Housing loans in North Carolina.

If you are interested in buying a home the Charlotte Metro area, please give Olan a call at 980-721-7478.