Aug 03 2008
Interest Rates Drop
As interest rates are a major factor in most decisions to buy an Outer Banks vacation home, it is traditionally good news to see an interest rate drop. In todays market an interest rate drop can be cause to celebrate. For the week ending July 31, 30 year interest rates fell from 6.63 to 6.52 and 15 year from 6.07 to 6.18. While these drops are minimal, it does help anyone currently in the market for an Outer Banks home.
