March 24, 2020

SOLD ~ in the beautiful Oakview Commons Neighborhood ~ by Greg Rapp

Oakview Commons in Salisbury, North Carolina is a neighborhood development that delights the senses with rolling, hilly streets, luscious terrains, and beautiful higher-end homes. Realtor® Greg Rapp with Wallace Realty recently listed one Oakview Commons home ~ the beautifully appointed ranch-style home at 105 Oakview Drive. Greg listed this all-brick home on January 14th, 2020 . . . and by Valentine's Day it was under contract . . . and by March 19th, this gorgeous property is home to new owners! That's how it's done with Greg Rapp!

The 2,406 square foot home's interior is bathed in warm neutral shades with a sprawling living room a vaulted ceiling and fireplace and mega-room for plush furniture, an open and airy kitchen with breakfast room, and large picture window filling the spaces with natural light. Who could resist?

Oakview Commons is located convenient to shopping, I-85 access, and Salisbury's downtown amenities such as theaters, unique shops, restaurants, galleries, and nightlife. Ready for Greg Rapp to find you your dream home in Salisbury NC? Let's get the ball rolling by calling Greg Rapp with your wish list: (704) 213-6846. Salisbury is sure to have the beautiful home that is YOURS to love!

Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 

March 12, 2020

Sold by Greg Rapp ~ Someone's Dream Home near the Stanback Educational Park!

Greg Rapp with Wallace Realty closes the deal this fabulous circa 1976 single-story three-bedroom ranch. brick ranch with 3 bedrooms/2 baths 1810 sf fireplace in family room.

This wonderful brick ranch in the North Main Neighborhood of Salisbury, North Carolina sits on nearly half and acre with a 185' depth and beautiful mature trees.

The home's interior was in wont of some cosmetic updating . . . so keep your eyes on the market because the new owner has every intention of sprucing the place up for re-sale!

This heavily treed neighborhood leads right to the Spencer Woods with its wonderful Stanback Trail for hiking and outdoor activities. The Spencer Woods were saved from being leveled by contractors by an active community just a few years ago and, with the generous donation of the Stanback Family, was outfitted with nature trails and picnic areas.

The moral of the story: Find YOUR new home with Greg Rapp / Wallace Realty. He can find what you're looking for! 704.213.6846.

Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 

Mortgage Rates lowest now since December 2012!

While a possible pandemic is causing alarm (and fear mongering) throughout the U.S. - not all news is bad news!

As economic uncertainty about the coronavirus drives down interest rates, house hunters are applying for mortgages at a level not seen in more than a decade. U.S. mortgage rates fell to the lowest levels in eight years last week, according to official data published Wednesday, while refinancing spiked following the Federal Reserve's emergency interest rate cut.

The Fed slashed its benchmark lending rate by 50 basis points, to a range of 1% to 1.25%, on March 3, citing "evolving risks to economic activity" from the coronavirus.

For the week ending March 6, mortgage loan applications rose 55.4% as compared to a week earlier, reaching their highest number since April 2009, according to the Mortgage Bankers Association's weekly survey.

Homeowners are flocking to take advantage of lower interest rates. Refinancing applications jumped 79% week over week, the biggest weekly jump since November, 2008. The volume of refinance applications was also the highest in nearly 11 years.


As the mortgage business continues to try to deal with the repercussions of interest rates hitting an all-time low last week, it appears that some lenders are inflating their advertised mortgage rates to try to stem the tidal wave of mortgage applications they’re receiving. 

A review of the top mortgage rate comparison sites (LendingTree, Bankrate, Zillow, Credit Karma and several others) shows lenders advertising rates well above the all-time low that rates fell to just last week. 

Some lenders may be keeping their mortgage rates above where they could be in an effort to control the demand for mortgages.

Put simply, many lenders are so busy right now trying to process the loan applications they’ve already received that they’re pushing their interest rates well above the prevailing market rate so they can actually deliver on the loans they already have in their pipeline. 

What does this mean?

The timing, with the annual Spring housing market literally opening its doors right now, could not be better to list your home for sale. List with Real Estate expert Greg Rapp, and get the ball rolling in the right direction. Call 704.213.6846.


Greg Rapp Realtor®
Wallace Realty