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Jumbo Loans have Gone CRAZY!!

According to CNN Money this week, “For months, lenders of jumbo mortgages have been charging interest rates that are lower than what average borrowers pay.” In fact last week the interest rate for Jumbo Loans compared to a conventional 30-year, fixed rate mortgage, was just .12% LOWER! That means mortgages which are $417,000 or more ($625,500 in […]

Are Jumbo Loans easier to get on the Outer Banks now?

I have recently posted blogs about Jumbo Loans, but according to Realtor Magazine and the above news clip, Jumbo Loans are looking easier to obtain which is big news for anyone trying to purchase a home on the Outer Banks over $417,000. Inside Mortgage Finance reported, the first part of this year, $54 BILLION in […]

Outer Banks August Housing Market & Jumbo Loans!

The Outer Banks Association of Realtors® Monthly Report is out for August. Summary With the Market Monitor showing that pending listings are creeping above 300 for the first time since April it appears that this fall will be a strong sales season. Sales are starting to inch up with Lots / Land listings leading the […]