Monthly Archives: May 2016

Crystal Coast Fishing Report May 31, 2016

Offshore fishing from the Morehead City and Atlantic Beach charter fleet was hampered over Memorial Day weekend by the effects and threat of the effects of tropical storm/depression Bonnie. But for those who did fish, it proved to be successful! Congratulations to Captain Adrian Holler of the Sea Striker for winning the Swansboro Memorial day weekend tournament with a 562 pound Blue Marlin. Captain Dale Britt from Sensation Sportfishing reports that last Friday a 125 inch estimated 800 pound Blue Marlin was caught and released by...
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Mortgage Applications Soar. Rates Inch Up Slightly

If mortgage applications are the indicator of the over-all health of the real estate market place then last week proved to be a huge shot in the arm. Not only are week over week applications up, but year over year comparisons showed a drastic improvement. And it wasn’t driven by those seeking to refinance their homes. The mortgage application surge came from homebuyers! Diana Olick with CNBC reports, “Mortgage applications to purchase a home drove total volume, rising 5 percent for the week, seasonally adjusted,...
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Bad Economic Outlook Means Great Real Estate Prospects

Fannie Mae, who is a “leading source of financing for mortgage lenders”, has just released poor economic outlook that actually holds some very wonderful news for those trying to sell or buy a house! In their recent report titled, “Economic Growth Outlook Subpar Again as 2016 Progresses. Consumers and Businesses More Cautious Amid Slowdown in Labor Market” Fannie Mae states that their, “full-year economic growth forecast” has been lowered to “1.7 percent, down from 1.9 percent growth in...
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Crystal Coast Fishing Report May 23, 2016

Cobia fishing has been one of the hottest fishing topics along the Crystal Coast. These large, great fighting and great eating fish show up this time of year in and around inlets, deep water channels, reefs, bait balls and buoys. There are two basic styles for catching cobia. One is to bottom fish for them using natural baits such as menhaden. The other is to sight cast for them using a variety of artificial lures and soft plastics. The primary hotspots for all of the cobia action...
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Are Mortgage Rates At Lowest Level Ever?

Money.CNN is reporting on some very big mortgage rate news. In a video report titled, “Will You Ever See Mortgage Rates This Low Again” the host in this brief news segment talks about 3.59 percent rates for a 30 year mortgage and 2.88 percent for 15 year loans. The subtitle beneath the video reports says, “If you're looking to buy a home this spring, you're [sic] timing couldn't be better. Mortgage rates are hitting their lowest levels in years.” The news reports ends with this important thought....
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Foreclosed Properties On The Decline

Foreclosures. A lot of people are looking for that special deal and focus on foreclosed homes as a way to make that dream and goal come true. Often times it is the investor aiming to flip the house to turn a quick profit that searches for these foreclosed or distressed properties. While searching for and buying foreclosed homes can be advantageous (Also dangerous, but that’s a topic for another article), the inventory to pick from is becoming smaller and smaller. CoreLogic just released its most...
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Mortgage Lending Requirements Eased

Have you been thinking about buying a home but haven’t due to restrictive mortgage loan requirements? Well, now may be the time to reconsider and take advantage of the still low interest rates. According to some of the latest reports released by several federal agencies, obtaining a mortgage may have just gotten easier for you. According to the Federal Reserve Board and their latest “Senior Loan Officer Opinion Survey on Bank Lending Practices”, it appears that banks have been easing their requirements for consumers to get...
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FEMA Drafting New Flood Zone Maps

The Federal Emergency Management Agency (FEMA) is currently drafting new flood zone maps. The proposed changes will greatly affect many residence of Carteret County and the Crystal Coast. The last time flood zone maps were updated was back in 2003 using information dating back to the 1980’s. The greatest area of proposed change will impact those properties in the V flood zones along our coast line. V flood zones require a more stringent set of building codes and...
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