CNC Mortgage Blog

Realtors and mortgage lenders (including brokers) are hoping that after the election buyers will be considering buying or even refinancing their properties. The tendency for rates has been a cycle between 6.5% and 5.5% for a 30 year fixed mortgage. The cycle seems to be happening every one or two months. Right now we are down to the 5.75% side of the cycle.

Many potential buyers are waiting to sell their own properties before they buy. We are seeing that houses that are priced correctly sell quickly.

First time homebuyers are able to get financing with less than 3% down payment.