New Towne Realty Group

12/31/2025

Market Update: Interest Rates | Past 2 Weeks

Over the past two weeks, interest rates have experienced modest movement as financial markets continue to react to economic data and Federal Reserve policy decisions.

🔹 The Federal Reserve recently adjusted its benchmark rate, which can influence short-term borrowing costs and broader market sentiment.
🔹 Mortgage rates have shown slight week-to-week changes, though overall levels remain dependent on market conditions.

Approximate national average mortgage rates (for reference only):
• Conventional 30-year fixed: ~6.1%–6.3%
• FHA 30-year fixed: ~5.7%–5.9%
• VA 30-year fixed: ~5.6%–5.8%
• USDA 30-year fixed: ~5.8%–6.0%

📉 Key takeaway: Rates may fluctuate daily and are influenced by factors such as inflation, employment data, and overall economic conditions. Trends do not guarantee future performance.

This information is provided for general educational purposes only and is not an offer to lend, a commitment to lock, or a guarantee of rate or terms. Actual rates, fees, and programs may vary based on credit profile, loan type, property type, and other factors. Consult a licensed professional for specific guidance.

12/13/2025

❄️ Cold Weather Alert – Protect Your Home & Loved Ones ❄️

We’re expecting extremely cold temperatures over the next few days, so now is the time to take a few simple steps to protect your home and everyone around you.

🏠 Home Tips:
• Help prevent frozen pipes by insulating exposed pipes and allowing faucets to drip if needed
• Make sure your heating system is working properly

❤️ Community & Family:
• Check in on elderly family members, neighbors, and anyone who may need extra help
• Bring pets indoors and limit their time outside during the cold

A little preparation can go a long way in preventing damage and keeping everyone safe. Let’s look out for our homes and our community—stay warm and safe!

Call now to connect with business.

12/05/2025

Would you like to know what your home is worth? CLICK BELOW

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11/21/2025

Mortgage options that many people are unaware of.

🔥 Specialized Mortgage Options Available:

💼 Bank Statement Mortgages
Perfect for self-employed buyers who qualify using bank statement deposits, 1099s, or P&Ls.

💰 Asset Utilization
Ideal for clients with strong liquid assets but lower traditional income.

🏘️ DSCR Loans
Designed for real estate investors needing rental property financing.*

🩺 Doctor Program
Created for medical professionals — including dentists, podiatrists, ophthalmologists, and veterinarians.**

📊 Flexible Options
For buyers with higher debt-to-income ratios.

💸 Interest-Only Loans
Great for those who want a lower initial monthly payment.

🆔 ITIN Program
For buyers who live in the U.S. and have an Individual Tax Identification Number.***

🏢 Non-Warrantable Condo Loans
For buyers looking at condos that don’t meet agency guidelines.

📈 RSU Income Qualification
For clients with a two-year history of receiving RSUs/stock options.

Information provided by;
Johnny MItchell, ERA Live Moore Realty.
Equal Housing Opportunity
This is just information regarding options that are available to some home buyers.

Call now to connect with business.

11/11/2025

11/10/2025

Could this be a game changer for lower income families?

Administration exploring an offering that would have enormous consequences for the housing and mortgage markets

11/04/2025

📢 Fresh Rate Update for Home Buyers & Refinancers 🏡
Hey Triangle & Eastern NC! It’s time for your mid-week mortgage snapshot. As of today here’s what the market is showing:

📈 30-year fixed rate: ~5.99% (national average)

📉 15-year fixed rate: ~5.50% (national average)

🔍 Keep in mind: Your actual rate will depend on credit score, down payment, loan size, location/North Carolina specifics, and timing of your lock.

📝 What this means for you

Now’s still a good time to lock in if you’re purchasing or refinancing — these rates are historically elevated compared to earlier decades, but have seen slight movement.

If you’re buying in areas like Wake Forest, Zebulon, Wilson, or beyond the Triangle, factor in local property taxes, insurance, HOA (if applicable), and check how the rate and term fit your budget.

If you’re refinancing, be sure to compare your current rate + remaining term vs. the upcoming rate + costs. The math needs to work.

✅ Good practices

Get a pre-approval (not just a “pre-qual”) so you know your rate range. If you don't have a lender, please reach out.

Use a trusted lender who understands the NC market and local underwriting.

Ask about points, APR vs. rate, fees, and how long you plan to stay in the home (that can change the break-even).

If you’re looking at VA, FHA, USDA or conventional in NC, talk to your lender about eligibility and best fit.

As your local REALTOR®, I’m here to connect you with lenders I trust, help interpret what rates like these mean in YOUR scenario, and guide you in making moves that align with YOUR long-term goals (whether that’s building equity, investing, or finding your forever home). If you’re thinking of buying, selling, or refinancing—let’s chat.

📌 Disclosure
“Rates mentioned are for illustrative purposes only; not a commitment to lend. Actual rates and APR will depend on the borrower’s qualifications, loan type, property, and market conditions. Subject to change without notice. This communication is intended for educational and informational purposes only and does not constitute an offer to lend or a guarantee of terms.”

Equal Housing Opportunity – I fully support and endorse the principle that all persons shall have the opportunity to obtain housing without discrimination.

— Johnny Mitchell, Realtor®, C2EX, PSA, MRP | Eastern NC | (919) 622-0271| [email protected]

08/28/2025

🎉 Labor Day Weekend Events in North Carolina 🎉

August 29 – September 1, 2025

🌄 WESTERN NC
🎶 Earl Scruggs Festival – Mill Spring
🍎 NC Apple Festival – Hendersonville
🎨 Maggie Valley Arts & Crafts Show
🎵 Canton Labor Day Festival (Craig Morgan!)

🏙️ CENTRAL NC
🎡 Matthews Alive – Charlotte area
🔥 Pinehurst BBQ Festival
🎭 African-American Cultural Festival – Raleigh
🌊 US National Whitewater Center – Charlotte

🌴 EASTERN NC
🎆 Carolina Beach Fireworks – Friday
🎨 Oak Island Arts & Crafts Festival
🛍️ Wilmington Artisan Market – Sunday

✨ Something for Everyone – Mountains, Cities, & Coast!
👉 Which festival will YOU celebrate at this Labor Day?

08/27/2025

🌟 Thinking about buying your first home in North Carolina? 🌟

The NC Housing Finance Agency offers programs that can make homeownership more affordable for first-time buyers (and some move-up buyers too!). Here’s how they may help:

✅ Down Payment Assistance – You may qualify for up to $15,000 in down payment help (eligibility requirements apply).
✅ Affordable Fixed-Rate Mortgages – Access stable monthly payments with 30-year fixed-rate loans through participating lenders.
✅ Tax Credit Savings – The NC Home Advantage Tax Credit may reduce your federal tax liability by up to $2,000 each year—consult a tax professional to confirm eligibility.
✅ Available Statewide – Offered through a wide network of approved lenders across North Carolina.

💡 To qualify, you generally must:

Be a first-time home buyer (or haven’t owned a home in the last 3 years—exceptions for veterans & certain areas).

Meet income and home price limits.

Plan to live in the home as your primary residence.

⚠️ Important: Not all borrowers will qualify. Program availability, income limits, and other conditions apply. Contact a participating lender for full details.

🏡 Homeownership may be closer than you think!

👉 Message me if you’d like to learn more—I’ll connect you with a participating lender and help guide you through the process.

Johnny Mitchell, Realtor, C2EX, MRP, PSA
ERA Live Moore
(919) 622-0271

Call now to connect with business.

08/19/2025

What’s Happening in the Real Estate Market? From Raleigh to Eastern NC… 📊

If you’ve been wondering whether it’s a good time to buy, sell, or invest in Raleigh or Eastern North Carolina, here’s the latest snapshot as we move through 2025:

🔹 Raleigh / Triangle:
The frenzy is cooling a bit! Inventory is up 30%, and homes are taking longer to sell (~42–53 days). Prices are still climbing slowly (up 2–5%), but buyers finally have breathing room.

🔹 Wilmington & the Coast:
The beach market is shifting toward balance. Homes are sitting longer (71 days), but values remain steady. Expect 2–3% growth through year’s end.

🔹 Eastern Inland NC (Rocky Mount, Tarboro, etc.):
👷‍♂️ Big things are coming — Amazon, new battery plants, and downtown redevelopments are fueling long-term growth in housing demand.

📉 Mortgage rates are still in the 6.8% range but could ease slightly by the end of 2025.
⚠️ Heads-up: Home insurance costs may jump 15% across Eastern NC in 2026.

🧭 Bottom Line: The market is stabilizing. Raleigh remains strong, the coast is balancing out, and Eastern inland areas are full of potential.

Whether you're buying, selling, or just watching — it's a smart time to stay informed. Let me know if you want local stats or advice!

Send a message to learn more

04/25/2025

In today’s market, a well-prepared home doesn’t just attract more buyers—it commands higher value. But getting ready to list goes beyond a quick tidy. The most impactful prep happens behind the scenes—before showings or photos ever happen. From re...