Charlotte mortgage rates fell again this week to an average of 5.07% providing the opportunity for people who cash in on refinancing loans. Four year treasury notes came to 4.51% for adjustable rate mortgages, meaning rates can go even lower.

Pending home sales have been at multi years as people take advantage of the Obama tax credit, and new home sales have been especially impressive by rising in the past five out of seven months.

These low rates have provided a 17% in mortgage applicants or the past week and refinancing has been up 23%.

If you are interested in refinancing your Charlotte mortgage but have not done so yet, now is a great time, although there is no hurry as rates don’t seem to be going up anytime soon.