Blog, Mortgage Rates
Tennessee Mortgage Rates Drop Again
May 20, 2008 by admin · View Comments
Freddie Mac reports a drop in the 30-year fixed mortgage rate for the week ended May 15 to 6.01% from 6.05% a week ago. The 15-year fixed mortgage rate remained unchanged at 5.60%. Meanwhile, the five-year adjustable mortgage rate slipped to 5.57%, and the one-year ARM dipped to 5.18%; the previous week, they averaged 5.67% and 5.29%, respectively. This mortgage rate drop is certainly not unexpected, we look for rates in Nashville to continue to drop this year.
If you liked this post, you might also enjoy:
Related posts:
For more than 8 years, Grant Hammond has been a leader in the greater Nashville real estate marketplace. In the first half of 2010, he is again the top producing Realty Executives broker in Middle TN.
