It’s officially spring again, everybody and their great aunt Erma are abuzz with cleaning and organizing advice. We’re not sheep at HomeKeepr, but we figured it was important to throw
This Week in Charlotte Real Estate
Dated: February 22 2019
A couple highlights from this week:
BB&T & SunTrust are merging to form what would be the 6th largest bank in the US. BB&T is currently based out of Winston-Salem NC and SunTrust out of Atlanta GA. The approval process will take several months, but is expected to pass sometime in late 2019. If so, they would move their headquarters here to Charlotte. This would be a big win for the Queen City and help to attract even more talent to the region. In 2017, San Fransisco passed Charlotte to be the 2nd largest banking city in the US. Hopefully we can win back the #2 spot behind NYC.
The Feds have paused their previous plans to continue raising interest rates. In November/December, we saw rates climb up to above 5%. Right now, top tier 30yr interest rates are around 4.375%.
On a $250,000 mortgage, a .5% rate difference is a savings of over $27,000!
I began my career in the real estate industry in 2004 as a loan officer, helping buyers navigate the home financing process. This background really helps when structuring contracts and negotiating ter....