South Carolina Mortgage Rates;
The real estate market in the state is looking strong for 2007. The Charleston tri- county area remains very popular and the market is active with ready, willing and able buyers. With inventories slightly higher than usual and low interest rates, this is a great time for buyers. They have more choice and homes are becoming more affordable. The state economy is performing well with a lot of large companies creating jobs. So we are seeing population growth and low unemployment.
Builders are offering more incentives for their properties and as prices are stable, this is the right time for first time buyers to enter the market. Sellers who price their homes realistically will find that no problems with selling their homes. It's time to buy! The interest rates are still low and builders are offering incentives on standing inventory. Neighbourhoods in the Charleston area are improving and is a very attractive option for potential buyers.
Below are examples of rates currently offered.
For loans up to $417,000
30 Yr Fixed : rates from 5.625% to 6.625%
15 Yr Fixed : rates from 5.375% to 6.375%
1 Yr ARM : rates from 4.625% to 6.75%
3/1 ARM : rates from 5.375% to 6.375%
5/1 ARM : rates from 5.375% to 6.5%
For loans above $417,000
30 Yr Fixed Jumbo : rates from 6% to 6.625%
15 Yr Fixed Jumbo : rates from 5.625% to 6.625%
1 Yr ARM Jumbo : rates from 4.625% to 6.5%
3/1 ARM Jumbo : rates from 5% to 6.875%
5/1 ARM Jumbo :rates from 5.5% to 6.625%
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Looking for a mortgage in one of South Carolina's major cities? Click any of the cities below for more mortgage information.
Major South Carolina Cities;
Anderson
Beaufort
Charleston
Georgetown
Greenwood
Myrtle Beach
Union
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