Buying or refinancing? The mortgage rate frenzy is back

Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home — or refinance. This is the opposite of the steadily upward movement of rates that experts forecast for 2019. Average rates are around 3.82% nationally for 30-year-fixed mortgages, after peaking near 5% in November. When [...]

What does the 2019 Mecklenburg County 2019 Tax Assessment Re-evaluation Mean to You?

Mecklenburg County is mailing hundreds of thousands of updated property value notices to owners starting Wednesday, and people should be prepared to see a big jump in their assessments.  The county has completed its revaluation of about 371,500 parcels in Charlotte, the county and the surrounding towns. It’s the first revaluation since 2011, when thousands of [...]

Loan Limits Increase to $484,350

Given the rapid run-up in home prices over the last year, it's no surprise that loan limits will also be going up in 2019.  The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages eligible for acquisition or guarantee by the two government sponsored enterprises (GSEs) Freddie Mac and Fannie [...]

3 Reasons to be optimistic of Non-QM Mortgages.

For years, fans of non-QM loans have been claiming that this year is the year the market will take off. It’s happening once again this year, and it’s difficult to separate the reality from the hype. I say that because the non-QM market remains anemic, which is unfortunate considering how many homeowners cannot obtain conventional [...]