Mortgage Rates Edge Below 6%
For the first time since early spring, mortgage rates have fallen below the 6-percent threshold. Freddie Mac reports that 30-year fixed loans came in at an average of 5.93% last...
continue readingNational Home Sales are Flat
The level of home sales is expected to show little movement in the months ahead, according to the latest projections. The Pending Home Sales Index, a forward-looking indicator based on...
continue readingNashville Mortgage Rates Move Lower
The 30-year fixed mortgage rate declined for the third consecutive week to 6.35% during the week ended September 4 from 6.40% the prior week, according to Freddie Mac. The 15-year...
continue readingU.S. Seizes Control of Freddie & Fannie
The federal bailout of Fannie Mae and Freddie Mac involves putting the companies under conservatorship and placing the Federal Housing Finance Agency in charge of their operations and appointment of...
continue readingMortgage Rates Drop Slightly
Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.47% during the week ended Aug. 21, down from 6.52% during the prior three weeks. Meanwhile, the 15-year...
continue readingNashville Mortgage Rates Remain Unchanged
Freddie Mac reports that the 30-year fixed mortgage rate held steady at 6.52% during the week ended August 14. However, rates on 15-year fixed loans fell slightly to 6.07% from...
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