North Carolina Mortgage Rates
Nearly every major city and town in North Carolina continues to benefit from the longest real estate boom in the state's history. Home sales continue to be significantly active in North Carolina, a state that is attracting numerous out-of-staters fleeing colder climates. In fact, the state's population is projected to almost double by 2015, mainly because many retirees are choosing North Carolina, making it the top retirement destination in the nation. Also driving the state's explosive growth is a solid mortgage industry. Among the North Carolina cities riding on the appreciation track, with rising home values, are Raleigh, Charlotte, Wilmington, Durham, Newport, Asheville, and Greensboro. Charlotte is currently the second most important banking community in the country, after New York. Raleigh holds one of the top 10 spots for best cities to relocate to in the U.S., a consideration that has contributed to a steady pattern of growing home appreciation rates there. Chapel Hill, Wake Forest and Durham are also recording strong home sales. Asheville now ranks as one of the 10 best second-home investment markets in the nation.