Blog, Mortgage Rates
Rates on 30-Year Nashville Mortgages Rise
July 21, 2008 by admin · Leave a Comment
Freddie Mac reports a slight jump in the 30-year fixed mortgage rate to 6.37% during the week ended July 10 from 6.35% the prior week. The five-year adjustable mortgage rate also moved up, climbing to 5.82% from 5.78%. However, the 15-year fixed rate fell to 5.91% from 5.92%; and the one-year ARM was unchanged at 5.17%.
Freddie Mac chief economist Frank Nothaft notes a higher-than-anticipated decline in the National Association of Realtors’ pending home index. We believe that this trend will continue nationally and will really begin to affect Nashville real estate by early 2009.
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Grant Hammond, Broker, ABR, SFR, ePRO is a multiple award winning real estate broker and owner of Metropolitan Brokers, LLC in Nashville, TN. With career sales exceeding $285 million, Hammond places in the top 5% of real estate brokers nationally. Hammond is well known for exemplary personal service, consummate professionalism and a resolute commitment to his clients in the pursuit of fulfilling their real estate goals. Having represented more than 100 individual clients in just the past 3 years, he has the expertise, market knowledge and skill to understand the full scope of his clients' requirements - business and personal – to design a successful plan with every aspect in mind. 
