As someone who’s watched the Outer Banks market evolve over the years, I know how shifts in mortgage rates can influence both buyers and sellers. This week, mortgage applications slipped by 2.9%, with refinance activity down 2% and purchase applications dropping 4%. The 30-year fixed mortgage rate now stands at 6.81%, pushing the Mortgage Intent Index to its lowest non-holiday reading since December 2025. In a coastal community like Carova, where every transaction is unique, understanding these trends is key to making confident decisions—whether you’re considering a move to our 4×4 beaches or weighing the right time to list your property. My focus remains on navigating these changes with a client-first, strategic approach to ensure your real estate experience is as smooth as our Outer Banks sands.
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