Chattanooga Real Estate Blog

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Archive for January, 2008

Rates Drop

Posted in Mortgage Info by Karen Rhodes on January 22nd, 2008
If you have been thinking about buying rates haven’t been better in years!

Interest rates compliments of:

Owens Financial Group
Melanie Huddleston

1007 Ashland Terrace
Suite 104B
Chattanooga, TN 37415
423-648-7630

  Conventional Fixed Rate

30 yr  =  5.125%

20 yr = 5%

15 yr  =  4.75%

40 yr = 5.875%

FHA and VA

30 yr  =  5.375%

Rates subject to change



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Worst Markets in 2008

Posted in General Real Estate Info by Karen Rhodes on January 22nd, 2008

As bad as things are it’s expected to get worse and Housing Predictor has released their prediction for the worst markets this year.  Fortunately we aren’t on the list.  Business actually seems to be picking up in our area.

"The Worst 25 are composed of cities that have the highest probability of reaching their forecast deflation in 2008". 

Miami is leading the list.  No Tennessee market is listed but Atlanta is in the 10th spot.



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