Our Lake Norman real estate market has one more positive thing going for it in these turbulent times; our North Carolina credit ratings remain at AAA with Standard and Poor’s as well as the two there ratings firms Moody’s and Fitch!
According to a recent article in The News Observer, staff writer David Ranii wrote that our state Treasurer, Janet Cowell, “is cautiously optimistic that is will remain that way…Cowel said in an interview Tuesday that her office has received no indication from any of the rating firms that they are contemplating a change in the state’s ratings.”
It went on to say that “several weeks ago Moody’s reviewed all of the states that it rates AAA but ending its scrutiny of North Carolina without making a change.”
One other bit of good news, mortgage interest rates dropped slightly last week to 4.32%.
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