Archive for August, 2007

MORTGAGE INTEREST RATES NOT A PROBLEM FOR OUTER BANKS

Saturday, August 18th, 2007

With all of the recent news reports about the problems of the sub-prime mortgage market and wild swings in the stock market, it is easy to fall into the trap of thinking the “sky is falling.” In reality, the mortgage market relative to Hatteras Island properties is still quite attractive.   Interest rates for mortgage amounts up [...]

OREGON INLET BRIDGE BECOMES FOCAL POINT OF ATTENTION

Sunday, August 12th, 2007

The recent tragedy in Minnesota has served to focus renewed attention and generated an increased sense of urgency concerning the need to replace the bridge over Oregon Inlet.  As you know, the Bonner Bridge is Hatteras Island’s only non-ferry, land link to get on and off the island. Here is a brief summary of the situation. [...]