Chattanooga Real Estate Blog

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Mortgage Rates

Posted in Mortgage Info by Karen Rhodes on February 23rd, 2010

Interest rates compliments of:

Mortgage South
Melanie Huddleston
1007 Ashland Terrace
Suite 104B
Chattanooga, TN 37415
423-648-7630

Conventional Fixed Rate

30 yr  =  4.875.%

15 yr  =  4.25%

FHA and VA

30 yr  =  4.875%

Rural Development
30 yr = 5.0%

100% financing through Rural Development and THDA

Rates subject to change

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Tighter Loan Requirements from FHA

Posted in Mortgage Info by Karen Rhodes on January 21st, 2010

FHA has now announced more tightening of underwriting guidelines.

  • Up front mortgage insurance premium increased to 2.25
  • 10% down payment for buyers with a FICO of less than 580.
  • Seller concessions reduced from 6% to 3%

No specific date on when these changes go into effect, just sometime in the spring.  Stay tuned!

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Today’s Mortgage Rates

Posted in Mortgage Info by Karen Rhodes on October 27th, 2009

Interest rates compliments of:

Mortgage South
Melanie Huddleston
1007 Ashland Terrace
Suite 104B
Chattanooga, TN 37415
423-648-7630

Conventional Fixed Rate

30 yr  =  5.%

15 yr  =  4.375%

FHA and VA

30 yr  =  5%

Rural Development
30 yr = 5.0%

100% financing through Rural Development and THDA

Rates subject to change

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Today’s Interest Rates Still Look Good!

Posted in Mortgage Info, REALTORS Code of Ethics by Karen Rhodes on September 4th, 2009

Interest rates compliments of:

Mortgage South
Melanie Huddleston
1007 Ashland Terrace
Suite 104B
Chattanooga, TN 37415
423-648-7630

Conventional Fixed Rate

30 yr  =  4.875%

15 yr  =  4.375%

FHA and VA

30 yr  =  5%

Rural Development
30 yr = 5.25%

100% financing through Rural Development and THDA

Rates subject to change

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Rates are down!

Posted in Mortgage Info by Karen Rhodes on August 26th, 2009

Interest rates compliments of:

Mortgage South
Melanie Huddleston

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

Conventional Fixed Rate

30 yr  =  4.875%

15 yr  =  4.375%

FHA and VA

30 yr  =  5%

Rural Development
and THDA
30 yr = 5.5%

100% financing through Rural Development and THDA

Rates subject to change

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Todays Mortgage Rates

Posted in Mortgage Info by Karen Rhodes on July 15th, 2009

Interest rates compliments of:

Mortgage South
Melanie Huddleston

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

Conventional Fixed Rate

30 yr  =  5.125%

20 yr = 5.125%

15 yr  =  4.625%

40 yr = 6.25%

FHA and VA

30 yr  =  5.25%

Rural Development
30 yr = 5.5%

We still have 100% financing through Rural Development and THDA

Rates subject to change

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