Mortgage rates at record lows in Franklin NC, says Exit Realty
Stop the Presses! EXIT Smokey Mountain Realty is having a tremendous year! Their Closed Transaction Sides for 2011 as of Sept. 9, 2011 are up 43.95% over the same time period in 2010! ...how does that happen?
Several reasons. The average real estate selling price in Franklin NC and Otto, NC is currently $126,320. We are centrally located just 20 hours from Altanta, GA, 70 miles west of Asheville, NC and 45 minutes from the Great Smokey Mountain National Park and Harrah's Casino in Cherokee, NC. Combine that with the cooler temperatures, lower humidity, "lack of traffic" and you'll see why this is the premier desitination place for primary and second home buyers.
Another reason is the lowest interest rates in over 50 years! Are you kidding me??? As of today, the interest on a 30 year fixed rate FHA mortgage is hovering around 3.79%---making a home payment less than most rent rates out there.
Mortgage rates at record lows August 18, 2011: 1:44 PM ET
According to mortgage backer Freddie Mac's Primary Mortgage Market Survey, the average 30-year fixed rate loan fell to 3.875% this week -- its lowest level in more than 50 years here in Franklin NC!........
The record-low mortgage rates, combined with increasing affordability in some markets, could be the catalyst needed for some home buyers who were sitting on the fence to stop renting and put some money on the table. "It's silly not to buy right now -- if you can," said Johnson. (MORE ON THIS HERE)
By Dan Steward
RISMEDIA, February 16, 2011—The Case-Shiller Index is one of the country's most popular ways of measuring the movement of home prices. And in its latest rating, which went out in late December, the verdict was: Prices are down. read more here
Rates & Home Prices have never been Lower here in Franklin NC!........ Now is the time to ACT!!
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Macon County NC Real Estate with Specialty in Franklin & Otto
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Your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head, provides a superior level of informed, professional real estate service to Buyers and Sellers. You can obtain any information you require in order to make an informed purchase regarding Franklin NC Homes for Sale and Franklin NC Properties for Sale with John Becker at Keller Williams Realty. Call 828-506-3719.