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Wake Forest Homes & Real Estate - Mortgage Rate Update
Alice Ray Team, RE/MAX Hometown
 
 Thursday, January 06, 2011

Thought for today: 

You are here for a purpose.  There is not a duplicate of you in the whole wide world; there never has been, there never will be.  You were brought here now to fill a certain need.  Take time to consider what it might be.  -Lou Austin

Could Rising Mortgage Rates Spur Housing Rush?
Mortgage rates have been rising ever since Nov. 2010, when lows of 4.42 percent were reported. Bankrate.com recently reported a rise to 5.02 percent in 30-year fixed rate loans, which is the second time in three weeks rates have crossed the 5 percent mark. And with many experts signaling the end to the 4 percent mortgage rate era, some industry insiders predict the rise in mortgage rates may stimulate a sluggish housing market, creating urgency for potential buyers.

I personally had banks raising the interest rate this week on new homes with special deals.  It is a sign that the economy is improving.  These low never heard of interest rates in our life time may be ending.

 

UNC again is # 1 on Kiplinger's Best Value List   -  N. C. State 15th

UNC-Chapel Hill for the 10th year in a row has held the title of the best value in public higher education by Kiplinger's Personal Finance.

N.C. State Universite #15th  --UNC-Wilmington #27 -- Appalachian State University #35

UNC Shool of the Arts #48  --  UNC-Asheville #58.

We should be very proud of the schools we have available for higher education.  Our education programs are a strong asset to our State and to our town. 

 

What is happening in Wake Forest?

Pancake & Sausage Breakfast
Sunday, Jan 9; 8 am - 1 pm
American Legion Hall, 225 E. Holding Ave.

American Legion Post 187 will hold a pancake and sausage breakfast on the second Sunday of each month at the Legion Hall, across from the Wake Forest Post Office. All-you-can-eat pancakes, sausage, orange juice, and choice of hot beverage for only $5 per person/$20 max per family. Proceeds support community and veterans projects. For information call (919) 494-2707.

We want to salute our veterans every day.  Please help support the American Legion of Wake Forest and join them for breakfast on Sunday - Jan. 9th between 8am - 1 pm.

 

Call or email Alice Ray for all your real estate questions and any questions you may have about the Town of Wake Forest, N. C.  I grew up here and I can answer many of your questions on happenings and events in our town. Email alice@aliceray.com or call 919-906-5794.

 

 

 


 

1/6/2011 12:30:13 PM (Eastern Standard Time, UTC-05:00)  #      Mortgage Rate Update | Wake Forest News | Wake Forest Real Estate Report  |  Trackback
 Monday, May 11, 2009
First Time Homebuyer's Section 2 - Getting Pre-Approved for a Mortgage
5/11/2009 2:57:56 PM (Eastern Standard Time, UTC-05:00)  #      First Time Home Buyer | Mortgage Rate Update  |  Trackback
 Friday, January 30, 2009
Tax Time
1/30/2009 10:00:44 AM (Eastern Standard Time, UTC-05:00)  #      First Time Home Buyer | Misc. | Mortgage Rate Update | Wake Forest News  |  Trackback
 Friday, January 23, 2009
Mortgage Rates
1/23/2009 10:20:40 AM (Eastern Standard Time, UTC-05:00)  #      Mortgage Rate Update  |  Trackback
 Friday, December 05, 2008
Wow - I spoke with Michele Zelvis today, who is our preferred lender with PrimeLending, and found out that rates have come down to nearly 5.25%! Michele felt that rates could continue to come down and even dip below 5% sometime in January.
12/5/2008 12:10:39 PM (Eastern Standard Time, UTC-05:00)  #      Mortgage Rate Update  |  Trackback
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