Patricia DeVaneNow, about the health of mortgage loan rates, they have experienced fluctuations throughout this week. Mortgage rates in Wake County, North Carolina currently vary depending on the loan type and term.
Patricia DeVaneExisting Home Sales Forecast Upgraded Slightly on Lower Rate Outlook. Mortgage rates are now expected to end 2025 and 2026 at 6.3 percent and 6.2 percent, respectively, downward revisions of three-tenths for each.
Patricia DeVaneMortgage rates have shown some fluctuation. The average rate for a 30-year fixed mortgage dipped slightly to 6.65% after rising for two consecutive weeks.
Patricia DeVaneWe’re excited to share that active Chapter 13 bankruptcy is allowed on FHA loans, making it easier for borrowers who are working through financial challenges to access homeownership. This program is also a great option for Cash Out refinances.