Middle Tennessee Real Estate

Mortgage Rates Drop

Mortgage rates have dropped for the fourth straight week, according to Reuters News.

"Rates for 30-year mortgage rates fell to 6.11 percent from 6.14 percent, the lowest since 6.10 percent in the January 19 week.Rates on 15-year mortgages also ebbed to 5.84 percent from 5.87 percent. The last time they were lower was in the second week of February, when they averaged 5.83 percent.One-year adjustable rate mortgages were 5.43 percent, down from 5.46 percent.

These are absolutely incredible rates! If you'd like to learn more about buying a home, I am one of five agents sponsoring a "First Time Home Buying Made Easy" seminar. Agenda items include:

• Renting vs. Buying
• How to Qualify for a Loan with ZERO down
• Home Safety & Insurance
• Your Credit Score
• Why Title Insurance
• Buying a HUD Home
• Home Inspections & Warranties
• Closings Costs
  

We are tentatively scheduling three seminars: January 22, January 27, and January 29. If you're interested, I'll post updated info as we nail down locations!

posted by Kathy T. @ 9:39 AM