There has been a lot in the news about these types of loans lately. You have also seen some posts on this blog about them.
The Federal Reserve has been putting a good amount of time into studying these loans out of concern for the borrowing public. They have just released an informative new booklet that you can find here. This booklet, coupled with the advice of a Mortgage Consultant, should help you to make an appropriate decision on the right type of loan for you.
Wednesday, November 01, 2006
Home prices in NC still doing well
The North Carolina Association of Realtors just released the home sales statistics for the month of September and we are still doing great compared to other areas of the country.
"Nationally, statistics through August released by the National Association of REALTORS indicated a 12.6 percent year-to-date decrease compared to the first eight months of 2005. Conversely, North Carolina showed a 6 percent increase, one of only a handful of states to be on the upswing. National data for September will be released by NAR before the end of this month."
Contrary to popular belief (i.e. the media), we still have a very good real estate market here in N.C.!
"Nationally, statistics through August released by the National Association of REALTORS indicated a 12.6 percent year-to-date decrease compared to the first eight months of 2005. Conversely, North Carolina showed a 6 percent increase, one of only a handful of states to be on the upswing. National data for September will be released by NAR before the end of this month."
Contrary to popular belief (i.e. the media), we still have a very good real estate market here in N.C.!
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