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Mortgage Rates from Wells Fargo October 13, 2010

Weekly mortgage rate update from Wendy Erwin, Sales Manager, Wells Fargo Home Mortgage in Kill Devil Hills, NC on the Outer Banks. Wells Fargo is currently offering preferred rates on purchase money loans so please note that refinance rates will be a quarter to a half point higher than the purchase rates listed below.
Today’s base rates are as follows:
Conforming  </=$417,000
30 year fixed          4.125% 
15 year fixed           3.375%         
5/1 ARM         2.500
7/1 ARM         2.750%
10/1 ARM       3.250% 
Jumbo  >$417,000
30 year fixed   4.875%
5/1  ARM         3.750%
7/1  ARM        4.875%
10/1 ARM       5.125%
FHA  Primary residence only, up to 96.5% financing
30 year fixed  4.250%
5/1 ARM    2.750%
USDA  Rural Development Guarantee Loans (Primary residence only, up to 100% financing, income restrictions apply)
30 year fixed 4.250% Remember, many factors determine the rate each individual will receive, product, loan to value, credit score, points, etc. Rates listed above are base par rates, meaning 740 credit score, 80% (or less depending on product guidelines) and a 1% loan origination fee.  Have your borrower call me for more specific details. 
The above rates are par rates for purchase only, no points, 1% origination, refinance rates run about .25% to .50% higher.  As always, please call or email me anytime I can be of assistance to you or your clients.  Thank you for the opportunity to earn your business! 
Wendy Erwin Sales Manager Wells Fargo Home Mortgage
2906N Croatan Hwy
Kill Devil Hills, NC  27948-9268
(252) 480-0587 Tel
800-840-2132 Toll-free

 

 

 

 

4-Wheel Drive Area Home For Sale – 2163 Shad Rd. Corolla, NC

Corolla Oceanfront Home For Sale

2163 Shad Drive

 

A spectacular CUSTOM built house with many unique features including indoor waterfall, custom stainless steel railings,custom tile shower with built in seat, jacuzzi tub, hickory floors finished on site, full gym, movie theatre with stadium seating and lighting! Kitchen and bar must truely be seen to be appreciated! 40″ dual fuel range with double ovens, Jenn Aire DW and Refrigerator, microwave drawer built in, trash compactor, wine cooler and built in storage rack. China cabinet custom made as part of kitchen for all of your decorative pieces. Distinctive Wellborn Cabinetry used throughout. A 500 square foot office withbuilt in desks, and all granite counters. Views from every angle of the ocean, canal, and sound are amazing. 9 foot ceilings in second building increasesviews. A boat ramp, heated pool, hot tub, and intercom on all floors and outside front door for convenience. Interior and exterior media systems andsourround sound everywhere! Stone on front of house and pool house as accent, as well as stone hearth in front of fireplace and sourround. Rec Room withgorgeous pool table, darts, air hockey, full bar with full fridge, micro, and 42″ flat screen tv. A MUST SEE! This house has never been rented but would dowell in a rental program as a HIGH end rental with every imaginable amenity. Listing Agent is Owner of property. Offer by Julie Rozella at $844,000.

Corolla Real Estate For Sale – Whalehead Oceanside Home

1041 Corolla Dr. – Corolla Oceanside – Whalehead Club Subdivision 5BR/5.5BA Vacation home. Great room with fireplace and ship’s watch provides plenty of space for relaxation. Top floor master has whirlpool bath and separate shower. Private pool, hot tub and playground equipment make the yard a haven for kids. Ground level recreation room w/ air hockey table provides space for plenty of indoor activities. Over 44K in 2009 rental income! Offered by Leslie Gilmore at $735,000. eMail Leslie@LeslieGilmore.com or call 252-255-0020 for more information or to schedule a showing.

Corolla Real Estate For Sale – Whalehead Oceanfront Home

985 Lighthouse Dr. – Whalehead, Corolla

6BR/5.5BA Classic Corolla Outer Banks Oceanfront vacation rental home featuring hardwood floors, cook’s kitchen, beautiful furnishings and bedding, mid-level den, ground level game room, private heated pool, hot tub, dune-top deck and FABULOUS Ocean views!

Over $136,000 in 2008 rental income with over $125,000 reserved for 2009 as of May 1.

Built by Olin Finch in 1997, this is an Outer Banks Oceanfront home for someone to treasure.

Offered by Leslie Gilmore of Great Escapes Realty at $2,299,000.

Outer Banks Real Estate For Sale – Pine Island Oceanfront Home

Pine Island Oceanfront Home For Sale


Gorgeous Pine Island Oceanfront home for sale. Pine Island is the premier community in Corolla on the Outer Banks of North Carolina. If you’re interested in luxury Outer Banks real estate, this is the home for you!

Professionally decorated in 2007, this 9BR/10Full and 3 half bath Oceanfront home has a gourmet kitchen with granite counter-tops and stainless appliances featuring a Sub-Zero refrigerator. The top level master features a glass fireplace and a luxurious whirlpool soaking tub and separate tiled shower. Custom bedding, window treatments and painted murals add to the luxurious feel of this home which also features a media room, elevator, game room, private gunite pool, hot tub and 9 master bedrooms! The Ocean and Sound views are fabulous from this home! Just moved into the Twiddy program with projections at $230K for the 2009 season! Seller will guarantee $210K in 2009 rental income and seller financing is available depending on qualification of buyer. The Sunday turnover is becoming more and more popular with vacationers. Offered by Leslie Gilmore at $3,250,000. Contact Leslie for more information about this fabulous home at 252-255-0020 or eMail Leslie@OuterBanksGreatEscapes.com