Mortgage Rates Creep Back Up

October 1, 2007 by admin · Leave a Comment 

After hitting a four-month low of 6.31% two weeks ago, long-term mortgage rates continue to climb. Freddie Mac reports that interest on 30-year fixed loans spiked up to 6.42% last week from 6.34% a week ago, while 15-year fixed mortgages moved up to 6.09% from 5.98%. Contrary to the upward shift in long-term rates, initial [...]

Nashville Mortgage Rates Remain Low

September 21, 2007 by admin · Leave a Comment 

Freddie Mac reported a small jump in the 30-year fixed mortgage rate to 6.34% on Friday from 6.31% a week earlier, which is still less than the year-earlier rate of 6.40%. Meanwhile, the one-year adjustable mortgage rate dropped slightly to 5.65% from 5.66% over the same period. Freddie Mac chief economist Frank Nothaft expects the [...]

Mortgage Rates Fairly Stable, Still Low

September 10, 2007 by admin · Leave a Comment 

Freddie Mac reports a slight gain in the 30-year fixed mortgage rate to 6.46% during the week ended Sept. 6 from 6.45% the prior week. The 15-year fixed mortgage rate climbed to 6.15% from 6.12% over the same time span. Meanwhile, the five-year hybrid adjustable rate dropped to 6.32% from 6.35%, and the one-year adjustable [...]

The Current Real Estate Climate in Nashville

August 19, 2007 by admin · Leave a Comment 

Attention residential buyers, with more than 20,000 properties on the market, we are in the largest buyer’s market since the mid-nineties in Middle Tennessee! The Fed just bailed out lenders by lowering their borrowing rate this week so now there are plenty of low interest fixed rate mortgages available. Add these two ingredients together and [...]

30-Year Rates Rise After 3 Weeks of Retreat

August 17, 2007 by admin · Leave a Comment 

A jump in interest rates has ended a three-week run in lower borrowing costs, reports Freddie Mac. According to the mortgage finance giant, the average interest on 30-year fixed loans rose to 6.62% this week from 6.59% last week. The rate for the 15-year fixed Nashville mortgages that are common in refinances, meanwhile, floated up [...]

Nashville Rates Drop Again, Slightly This Time

August 6, 2007 by admin · Leave a Comment 

Freddie Mac reported a modest decline in mortgage rates during the week ended August 2, with the 30-year fixed rate falling to a one-month low of 6.68% from 6.69%. Interest on 15-year fixed loans, meanwhile, dropped to 6.32% from 6.37%. The five-year adjustable mortgage rate slipped to 6.29% from 6.30%, and the one-year ARM slid [...]

Mortgage Rate Remain Steady

July 25, 2007 by admin · Leave a Comment 

The 30-year fixed mortgage rate held steady at 6.73% last week, which Freddie Mac chief economist Frank Nothaft attributes to recent economic data failing to have any impact on inflation forecasts. The five-year adjustable Nashville mortgage rate also stayed firm, averaging 6.35%. The 15-year fixed mortgage rate slipped a notch to 6.38% from 6.39%, while [...]

Mortgage Rates Rise After 3 Weeks of Decline

July 15, 2007 by admin · Leave a Comment 

Freddie Mac reported an increase in the 30-year fixed mortgage rate to 6.73% on Friday from 6.63% a week earlier, with chief economist Frank Nothaft expecting the benchmark to remain at or near this level for the remainder of the year. The 15-year Nashville mortgage rate edged up to 6.39% from 6.3% over the same [...]

Mortage Rates Drop for Third Week in a Row

July 9, 2007 by admin · Leave a Comment 

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.62% with an average 0.4 point for the week ending July 3, 2007, down from the previous week when it averaged 6.67%. Last year at this time, the 30-year FRM averaged 6.79%. With the Nashville real estate market turning from a seller’s [...]

Mortgage Rates are Finally in Retreat

June 25, 2007 by admin · Leave a Comment 

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.69% with an average 0.5 point for the week ending June 21, 2007, down from the previous week when it averaged 6.74%. Last year at this time, the 30-year FRM averaged 6.71%. The 15-year FRM on Friday averaged 6.37% with an average [...]

Mortgage Rates Rise Again, More Sharply

June 15, 2007 by admin · Leave a Comment 

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.74% with an average 0.4 point for the week ending June 14, 2007, up from the previous week when it averaged 6.53%. Last year at this time, the 30-year FRM averaged 6.63%. The 30-year FRM has not been higher since the week [...]

Mortgage Rates Still Heading North

June 1, 2007 by admin · Leave a Comment 

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.53% with an average 0.4 point for the week ending June 7, 2007, up from the prior week when it averaged 6.42%. Last year at this time, the 30-year FRM averaged 6.62%. The 30-year FRM has not been higher since the week [...]