Wilmington NC Home Sales and Interest Rate Update

Nice home at dusk.Home sales in the greater Wilmington, North Carolina real estate market have been heating up according to data from the Wilmington Regional Association of Realtors. The group reported 446 property units sold in April which is the fourth highest amount in any month over the past two years ( 522 June 2010, 490 June 2011, 462 August 2011). April homes sales increased 13.76% from April 2011 and the average sales price ($218,563) was up 5.67%.

Nationally, new home sales increased 3.3% in April from March according to a report from the Commerce Department. Sales of previously occupied homes are also being reported at two year highs.

On the mortgage front, interest rates remain at or close to all-time lows. Freddie Mac’s most recent weekly market report showed the national fixed rate average at 3.79% (.7 pts) and the 15 year average at 3.04% (.7 pts).  On our mortgage related properties, ForTheBestRate.com & BurlingtonMortgage.biz, traffic continues to remain strong as there appears to still be plenty of momentum in the marketplace. . (Update: 3/25/2013 – BurlingtonMortgage.biz is now PriceAMortgage.com)

Below is a snapshot of current mortgage rates (North Carolina) pulled today from ForTheBestRate.com.

Today’s 30 year pricing – no points
Quicken Loans: 4.190% APR,  4.125% Rate, $1557Fees in APR
AimLoan: 3.707% APR, 3.625% Rate, $1995 Fees in APR
Roundpoint: 3.875% APR, 3.875% Rate, $0 Fees in APR

Today’s 20 year pricing – no points
Quicken Loans: 4.023% APR,  3.875% Rate, $2557 Fees in APR
AimLoan: 3.603% APR, 3.500% Rate, $1995 Fees in APR
Roundpoint: 4.375% APR, 4.375% Rate, $0 Fees in APR

Today’s 15 year pricing – no points
Quicken Loans: 3.614% APR,  3.500% Rate, $1557 Fees in APR
AimLoan: 3.019% APR, 2.875% Rate, $1995 Fees in APR
Roundpoint: 3.000% APR, 3.000% Rate, $0 Fees in APR

Today’s 10 year pricing – no points
Quicken Loans: 3.540% APR,  3.375% Rate, $1557Fees in APR
AimLoan: 2.959% APR, 2.750% Rate, $1995 Fees in APR
Roundpoint: 2.875% APR, 2.875% Rate, $0 Fees in APR

Rates are subject to change without notice. Visit the site for the most up-to-date pricing and for the criteria used in the survey.

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