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North Carolina Mortgage Rates hit 2010 Low

Freddie Mac said last week that North Carolina mortgage rates had reached their lowest level of the year. home refinancing activity rose significantly last week and home purhcase loan application volumes remained steady in Georgia and North Carolina. The average sales price in April was $210,410, up 0.2% from a year ago and 2.2% above March’s average.  On average, homes sold last month in the Charlotte North Carolina area were on the market for 122 days before their sales closed. That’s four days longer than in March.   The National Association of Realtors reported the following home sales info for the North Carolina region.

North Carolina

North Carolina Mortgage Rates

2009
($000s)

2010
($000s)

%
Change

 

Charlotte-Gastonia-Concord, N.C./S.C.

171.5

171.4

-0.1

 

Durham

171.5

171.5

NC

 

Greensboro-High Point

129.7

121.4

-6.4

 

Raleigh-Cary

223.0

222.9

NC

Posted in Mortgage News, Mortgage Rate Reports, North Carolina Mortgage Info. Tagged with .

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