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…

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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:…

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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,…

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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…

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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%…

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Pretty home with blue skies

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,…

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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…

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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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