Nashville Mortgage Rates Continue Record Fall

nashville mortgage rates continue record fall

 
Freddie Mac reports a drop in the 30-year fixed mortgage rate to an all-time record low of 4.78 percent during the week ended April 30 from 4.80 percent the prior week. While the 15-year fixed mortgage rate held steady at 4.48 percent, the five-year adjustable mortgage rate dipped to 4.8 percent from 4.85 percent. The one-year ARM slipped to 4.77 percent from 4.82 percent. It would seem that there is no bottom to Nashville mortgage rates, but we know that there must be so I would refinance that high rate mortgage this go around.
 
Seriously, it you are considering refinancing your Nashville home loan, do it very soon.
    Grant Hammond

    Grant Hammond is a Nashville-based real estate agent with 25 years of experience specializing in residential and investment properties across Middle Tennessee. His market commentary has been cited by The Tennessean, Nashville Business Journal, Nashville Post, Los Angeles Times, and The Wall Street Journal. Readers with questions about Nashville real estate or market conditions can contact Grant here.

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