Archive for June 2013

Listings Notification.   Leave a comment

Welcome to Gibbs Real Estate , your source for LEXINGTON South Carolina Real Estate. When looking to buy your new home you have found one of the top Real Estate agencies in Lexington South Carolina and Chip Jefferson.If you own real estate that you’re thinking of selling in the Midlands, I would be happy to provide you with a FREE Home Evaluation and discuss our superior marketing strategies. We have one of the shortest listing market times in the Midlands.

In today’s competitive Columbia South Carolina Real Estate market, timing is everything. Many good homes are sold before they are ever advertised on the MLS. You can beat other home-buyers to the hottest new homes for sale in Columbia’s Midland South Carolina with my New Listings Notification.

Whether you are buying or selling a home, consider hiring someone like me, who wants to earn your business. I invite you to contact me as I’d be happy to assist you with this life changing event.

In addition, if you have any general questions about buying or selling real estate in Midlands South Carolina, please contact me as I’m more than willing to help. You may also find my Lexington South Carolina community blog very helpful in getting a feel for the Midlands of South Carolina.

Please browse my website for listings, reports and important Lexington and Columbia South Carolina real estate information.


Chip Jefferson

Gibbs Realty


Lexington SC Interest Rate   Leave a comment

Wednesday, June 12, 2013

Market confusion and uncertainty continue to play out in the financial markets. Yesterday stock indexes fell and the treasury and mortgage markets improved, this morning the stock indexes better and treasuries under some pressure. With increasing concerns that the Fed will begin tapering its easing’s and mixed economic outlooks based on data that hasn’t shown much growth, investors are still being “forced” into equity markets as the Fed continues to keep interest rates so low there is nowhere else to go. The bond and mortgage markets feeling the pain as rates increase, however it was inevitable rates would increase, they really could not go lower from levels seen earlier this year.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.81%, the highest rate since April 2012, from 3.76%, with points decreasing to 0.26 from 0.32 (including the origination fee) for 80% loans.
The average contract interest rate for 15-year fixed-rate mortgages increased to 3.32%, the highest rate since April 2012, from 3.23%, with points remaining unchanged at 0.38 (including the origination fee) for 80% loans.
The average contract interest rate for 5/1 ARMs increased to 2.78%, the highest rate since June 2012, from 2.76%, with points decreasing to 0.30 from 0.41 (including the origination fee) for 80% loans.

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