The Mortgage Scoop: Down Payment Assistance and Decreasing Rates; Excellent opportunity for home buyers.

The Mortgage Scoop

Down Payment Assistance and Decreasing Rates; Excellent opportunity for home buyers.

NCHFA (nchfa.com) will be increasing its down-payment assistance program to $15,000 effective April 1, 2023. While we are short on the details, they promised an announcement sometime next week - Excellent news for home buyers!

Mortgage rates fell sharply on Monday, March 13, as the stunning collapse of Silicon Valley Bank triggered fears of a broader banking meltdown. According to Mortgage News Daily, the average rate on a 30-year fixed mortgage dropped to 6.57%, down from 6.76% on Monday and a high of 7.05% last Wednesday.

The current market is an incredible opportunity for home buyers.

Here is the truth: right now, we have less available and active inventory than ever. Suppose a home buyer is trying to wait and time the bottom of this market (and lower rates). In that case, they are highly likely to find themselves in a still-low inventory, similar interest rate, and highly competitive market instead. (the market after the bottom). We do not want to let our home buyers miss what’s really happening.

To learn more about home mortgages and interest rates or to get approved, contact JD Terry at 910.431.6082 / jd.terry@rate.com or use the links below.

Available Home Links:

We are currently offering the following:

Available pre-designed homes in construction (Available NOW to purchase.)
Available homesites for pre-sales (choose your homesite then design & build your home).
Custom home design + build (on your own piece of property outside of our standard communities)

For more information or to schedule a tour, contact our Online Sales Specialist, Donna Loftin, at 910.550.116 or dloftin@billclarkhomes.com

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