Remarkable Homes Team Now Has Corporate Housing

The Remarkable Homes Team is proud to release our new Nashville Corporate Housing program that features brand new condos in urban core of Nashville. In 2008, we will release 8 condos in the Encore, 6 condos in the Icon, 4 condos in the Viridian, 4 flats in District Lofts, and 4 townhomes in Madison Square for corporate lease. In 2009, we will release 10 condos in the Rhythm and 5 townhomes in West End Station. All units will be brand new construction and fully furnished by Cort furniture, the industry leader in Nashville.

Pre-leasing will being in January 2008, for more information on floor plans and rates, please contact Grant Hammond at 615-945-7123 or via email Grant@RemarkableHomes.com

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Remarkable Homes Team Now Has Corporate Housing

The Remarkable Homes Team is proud to release our new Nashville Corporate Housing program that features brand new condos in urban core of Nashville. In 2008, we will release 8 condos in the Encore, 6 condos in the Icon, 4 condos in the Viridian, 4 flats in District Lofts, and 4 townhomes in Madison Square for corporate lease. In 2009, we will release 10 condos in the Rhythm and 5 townhomes in West End Station. All units will be brand new construction and fully furnished by Cort furniture, the industry leader in Nashville.Grant@RemarkableHomes.com

Pre-leasing will being in January 2008, for more information on floor plans and rates, please contact Grant Hammond at 615-945-7123 or via email

Nashville Mortgage Rates Bump Up

Freddie Mac reports that 30-year fixed mortgages averaged 6.11% on Friday, an increase from the week-ago rate of 5.96%. Until this past week, interest on 30-year loans had either been holding steady or declining each week since mid-October. The increase to 6.11% prompted Freddie Mac chief economist Frank Nothaft to remark: “The national housing segment of the economy still has a way to go before bottoming out.”

Rates on 15-year fixed rate mortgages, meanwhile, climbed to 5.78% from 5.65% a week earlier; while five-year adjustable-rate mortgages jumped to 5.89% from 5.75%, and one-year ARMs bumped up to 5.50% from 5.46%. The rate jump was a true surprise as the Fed met earlier this week and lowered prime 0.25%, but Wall street hoped for a full half point drop causing the market the fall over 250 points. The Nashville Remarkable Homes Team predicts that Nashville mortgage rates will fall consistently over the next 3-4 months and the 30-year fixed rate may be as low as 5.75% by early March.

Even with this small mortgage set back, the Nashville real estate market continues to sell more homes than it ever has in history. The downtown condo market has really spurred our market as there are more than 2,000 units delivering in 2008, over 90% of which are already sold! Now is a fantastic time to own real estate in Nashville, our market has appreciated in 2007, condos are flying off the shelf, and you can buy so much for your money!

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Nashville Mortgage Rates Bump Up

Freddie Mac reports that 30-year fixed mortgages averaged 6.11% on Friday, an increase from the week-ago rate of 5.96%. Until this past week, interest on 30-year loans had either been holding steady or declining each week since mid-October. The increase to 6.11% prompted Freddie Mac chief economist Frank Nothaft to remark: “The national housing segment of the economy still has a way to go before bottoming out.”

Rates on 15-year fixed rate mortgages, meanwhile, climbed to 5.78% from 5.65% a week earlier; while five-year adjustable-rate mortgages jumped to 5.89% from 5.75%, and one-year ARMs bumped up to 5.50% from 5.46%. The rate jump was a true surprise as the Fed met earlier this week and lowered prime 0.25%, but Wall street hoped for a full half point drop causing the market the fall over 250 points. The Nashville Remarkable Homes Team predicts that Nashville mortgage rates will fall consistently over the next 3-4 months and the 30-year fixed rate may be as low as 5.75% by early March.

Even with this small mortgage set back, the Nashville real estate market continues to sell more homes than it ever has in history. The downtown condo market has really spurred our market as there are more than 2,000 units delivering in 2008, over 90% of which are already sold! Now is a fantastic time to own real estate in Nashville, our market has appreciated in 2007, condos are flying off the shelf, and you can buy so much for your money!

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Nashville Mortgage Rates Drop Below 6%

Concerns that a severe housing downturn and prolonged credit crisis could rattle consumer confidence and hurt the broader economy contributed to a sharp drop in mortgage rates last week, according to Freddie Mac.

Interest on 30-year fixed loans sank to 5.96% from 6.10% last week, landing at the lowest point seen since September 2005. Borrowing costs on 15-year fixed products fell to 5.65% from 5.73% over the week and five-year adjustable-rate mortgages were down to 5.75% from 5.86%, but one-year ARMs somewhat expectantly bucked the southward trend by bumping up to 5.46% from 5.43%. “With lower consumer spending and personal income gains in October, interest rates on U.S. Treasury securities fell lower this week and mortgage rates followed,” said Freddie Mac chief economist Frank Nothaft.

I certainly expect Nashville mortgage rates to continue to fall, but would not be surprised if they bumped up a little next week due to a poor Christmas turn out. Look for rates to fall significantly in the beginning of 2008.

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Nashville Mortgage Rates Drop Below 6%

Concerns that a severe housing downturn and prolonged credit crisis could rattle consumer confidence and hurt the broader economy contributed to a sharp drop in mortgage rates last week, according to Freddie Mac.

Interest on 30-year fixed loans sank to 5.96% from 6.10% last week, landing at the lowest point seen since September 2005. Borrowing costs on 15-year fixed products fell to 5.65% from 5.73% over the week and five-year adjustable-rate mortgages were down to 5.75% from 5.86%, but one-year ARMs somewhat expectantly bucked the southward trend by bumping up to 5.46% from 5.43%. “With lower consumer spending and personal income gains in October, interest rates on U.S. Treasury securities fell lower this week and mortgage rates followed,” said Freddie Mac chief economist Frank Nothaft.

I certainly expect Nashville mortgage rates to continue to fall, but would not be surprised if they bumped up a little next week due to a poor Christmas turn out. Look for rates to fall significantly in the beginning of 2008.

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