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The Mortgage Scoop - Down Payment Assistance and Decreasing Rates; Excellent opportunity for home buyers.
March 16, 2023

The Mortgage Scoop - Down Payment Assistance and Decreasing Rates; Excellent opportunity for home buyers.

The Mortgage Scoop

The information provided by "The Mortgage Scoop" is established from lenders, third-party sources, and market news and not produced by Bill Clark Homes. The details from "The Mortgage Scoop" do not alter or affect the requirements of our contracts for purchasing a home. 

Down Payment Assistance and Decreasing Rates; Excellent opportunity for home buyers.

NCHFA (nchfa.com) will be increasing its down-payment assistance program to $15,000 effective April 1, 2023. While we are short on the details, they promised an announcement sometime next week - Excellent news for home buyers!

Mortgage rates fell sharply on Monday, March 13, as the stunning collapse of Silicon Valley Bank triggered fears of a broader banking meltdown. According to Mortgage News Daily, the average rate on a 30-year fixed mortgage dropped to 6.57%, down from 6.76% on Monday and a high of 7.05% last Wednesday.

The current market is an incredible opportunity for home buyers. 

Here is the truth: right now, we have less available and active inventory than ever. Suppose a home buyer is trying to wait and time the bottom of this market (and lower rates). In that case, they are highly likely to find themselves in a still-low inventory, similar interest rate, and highly competitive market instead. (the market after the bottom). We do not want to let our home buyers miss what’s really happening.

To learn more about home mortgages and interest rates or to get approved, contact JD Terry at 910.431.6082 / jd.terry@rate.com or use the links below.

Available Home Links:

We are currently offering the following:

  • Available pre-designed homes in construction (Available NOW to purchase.)
  • Available homesites for pre-sales (choose your homesite then design & build your home).
  • Custom home design + build (on your own piece of property outside of our standard communities)

For more information or to schedule a tour, contact our Online Sales Specialist, Donna Loftin, at 910.550.116 or dloftin@billclarkhomes.com

APPLY NOW

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Book Home Tour Appointment

JD Terry
NMLS# 455169
SVP of Mortgage Lending

(910) 431-6082 | jd.terry@rate.com | Visit Website

The information that "The Mortage Scoop" provides is based on third-party lenders, sources, and market news and does not change the requirements of our contracts for purchasing a home. The information provided by "The Mortage Scoop" is for general informational purposes only and does not in any way affect the provisions of our contracts for purchasing a home with us. Bill Clark Homes strongly advises that all potential homebuyers seek professional advice, conduct their own research, and perform due diligence before making any decisions related to purchasing a home. 

Please contact our Preferred Lenders for pertinent information based on your specific situation. You can view our list of preferred lenders and attorneys here: Preferred Lenders and Attorneys 2023

Bill Clark Homes disclaims all liability for any loss or damage, including but not limited to, direct, indirect, incidental, consequential, or punitive damages, arising out of or in connection with the use of the information provided. Any reliance on the information provided is at the user's own risk. Bill Clark Homes reserves the right to update, modify, or discontinue the information provided by "The Mortgage Scoop" at any time without prior notice. Bill Clark Homes does not endorse or promote any specific products, services, or companies mentioned in the information provided.


Article by JD Terry, Guaranteed Rate, and Julia Mallozzi, Bill Clark Homes.

Graphics by Guaranteed Rate

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