Mortgage rates plunge to all-time low

Mortgage rates plunge to all-time low
By Holden Lewis • Bankrate.com

Mortgage rates fell this week to the lowest level in generations.

The benchmark 30-year fixed-rate mortgage fell 11 basis points this week, to 4.96 percent, according to the Bankrate.com national survey of large lenders. That's the lowest it has been in the nearly 25-year history of Bankrate's survey. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.5 discount and origination points. One year ago, the mortgage index was 5.24 percent; four weeks ago, it was 5.22 percent.

The benchmark 15-year fixed-rate mortgage also fell 11 basis points, to 4.34 percent. The benchmark 5/1 adjustable-rate mortgage fell 13 basis points, to 4.14 percent.

Bankrate's weekly mortgage survey began in September 1985 (when rates averaged 12.31 percent). The benchmark 30-year fixed had never been below 5 percent until now. Previously, the record low had been exactly 5 percent, last Nov. 24.

103 Banks Court - Over 120 feet over water frontage!

Links My website Virtual Tour Photo Gallery Description Spacious 3 bedroom 2 1/2 bath home entirely updated in 2005 -gourmet kitchen w/top of the line stainless appliances*granite counters*custom cabinets*new carpet, tile & wood laminate floors*tiled shower w/massage stones & rain head* 2 sinks in master ba*New vinyl siding. With over 120 feet of water frontage brand new furnishings & decor, 2 fireplaces, 6 zone sprinkler system, sauna, water views from 2 bds, plus tons of storage & $15,000 in seasonal rental income -- this home is a must see! Sold fully furnished New dock and retaining wall in 2006. Actual year built is 1978 - effective age is 2005 Features Bedrooms: 3 Bathrooms: 2.5 Subdivision: Colington Harbor Lot Size: 120 x 144 x 13 x 142 Square Footage: 2304 Agent Name: Beth Garcia Broker: Coldwell Banker Seaside Realty MLS #: 66036 Seasonal Rental Income: 15,000 Water Frontage: 120 feet Location 103 Banks Court Kill Devil Hills NC 27948 Powered by vFlyer.com vFlyer Id: 3271608

Ban New Offshore Drilling - The Petition Site

Ban New Offshore Drilling - The Petition Site

First blue marlin of the year!

Congratulations to my client Mike Heymach for catching the Outer Banks first blue marlin of the year! Approx. 350 pounds - caught on the Wave Runner!