Why are mortgage rates high?
Mortgage rates can be influenced by a variety of factors, and they can fluctuate over time due to changes in these factors. In fact, many banks are currently over 7% for 30 year fixed (though RateSaver Mortgage is currently 6.75% note rate for 30 year fixed, APR 7.044% www.GaryTheMortgageExpert.com) Why are mortgage rates high?: Economic…
Read More2023 South Carolina Housing Market Continues to Remain Strong
The 2023 South Carolina housing market continues to remain strong. Keep in mind that the South Carolina housing market is subject to various factors that can influence its performance, such as the overall economy, interest rates, population growth, employment rates, and housing supply and demand dynamics. Here are some key points to consider: Housing Demand:…
Read MoreIn Anderson & Clemson South Carolina, there are several beautiful golf course and tennis communities
In Anderson & Clemson South Carolina, there are several beautiful golf course and tennis communities throughout the area. Anderson & Clemson in South Carolina are both home to several golf course communities. In Anderson, there is the Brookstone Meadows Golf and Country Club, which features an 18-hole championship golf course, a clubhouse, and a swimming…
Read MoreGrowing Areas In South Carolina
According to the United States Census Bureau, the fastest growing areas in South Carolina are the coastal regions, particularly the Charleston and Myrtle Beach areas. The Greenville-Spartanburg area in the upstate region is also experiencing significant population growth. However, it’s important to note that population growth can vary depending on factors such as economic development,…
Read MoreAnderson and Clemson South Carolina FHA loans…
Many people in Anderson and Clemson South Carolina, as in other areas of South Carolina, are applying for FHA loans these days, which offer several benefits to homebuyers. Here are some of the advantages of an FHA loan: Low down payment: FHA loans typically require a lower down payment compared to conventional loans. The minimum…
Read MoreThe HUGE advantages of the 15 year fixed rate in Anderson and in the Upstate of South Carolina
There are HUGE advantages of the 15 year fixed today that many people in Anderson and in the Upstate of South Carolina overlook. Most people know that the rates are better for a 15 year fixed versus the 30 year fixed, but there is also advantages of faster equity building, less total interest paid over…
Read MoreGreat Time for a CASH OUT REFI…
Great Time for a CASH OUT REFI… Many people don’t realize how much their home values have increased in South Carolina. Specifically in the Upstate areas of Greenville, Spartanburg, Anderson, and Clemson home values are UP over 10% the past year (some areas over 15%) as per Zillow. Some Upstate SC areas are up 20%-40%…
Read MoreMortgage Rates in SC hit 1.99%* for 15 year
Mortgage rates in SC have hit 1.99%* for 15 year mortgage loans for purchase financing and for REFI loans as per 6/10/21 rates through RateSaver Mortgage (www.RateSaverMortgage.com) with good credit (740+ scores). The 15 year fixed 1.99% Conventional mortgage rate can be achieved today with LESS than the typical 1% Section A Lender Fees (Origination,…
Read MoreUpstate SC Housing Market more in Balance
The Upstate SC Housing Market seems to be moving more to a balance between the sellers and buyers this June 2021. The early part of 2021 had a very lopsided market for real estate in the Upstate. Basically, the housing market was clearly a “Seller Market” in most areas of the Upstate. It was common to…
Read MoreToday’s Anderson SC Home Purchase Market and Rates.
Today’s Anderson SC Home Purchase Market and Rates update for May 5th, 2021. When examining the Anderson SC market for homes at $250,000. or less, available for sale, Realtor.com has 272 single-family homes listed for sale (land or lots for sale were excluded). If I exclude mobile homes, that number is 251 homes in Anderson…
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