Nashville Real Estate

Tennessee’s Unemployment Rate Hits 10.8%

August 5, 2009 by · 2 Comments 

From the Nashville Business Journal this past Thursday: “Tennessee’s unemployment rate for June rose to 10.8 percent, up 0.1 percentage point from the May rate, the state Department of Labor & Workforce Development announced Thursday. The rate hasn’t been that high since November 1983. The rate is up from 6.4 percent from just a year [...]

Mortgage Rates Edge Up, Remain Very Low

March 4, 2009 by · Leave a Comment 

Freddie Mac reports an increase in the 30-year fixed mortgage rate to 5.07% during the week ended February 26 from 5.04% the prior week. The five-year adjustable-mortgage rate rose to 5.06% from 5.04% over the same period, while the one-year ARM eased up to 4.81% from 4.80%. However, the 15-year fixed mortgage rate held steady [...]