Mortgage Rates Eased Last Week in Tennessee

Interest rates on 30-year fixed mortgages, 15-year fixed loans, five-year adjustable-rate mortgages, and one-year ARMs all fell this past week…read the rest of this Nashville mortgage story

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Mortgage Loan Rates Unchanged in Nashville

Interest on 30-year fixed mortgages settled at an average of 5.40 percent this past week, reports Freddie Mac, up from 5.38 percent in the previous week and much lower than the prevailing rate of 6.45 percent a year ago. Five-year, hybrid adjustable-rate mortgages…read the entire Nashville mortgage rates update

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Freddie Mac Reports Rising Mortgage Rates

Rising mortgage rates put the brakes on mortgage refinancing last week, according to Freddie Mac. The firm’s weekly survey pegged interest on 30-year fixed mortgages at an average of 5.59 percent – up from 5.29 percent last week and the highest rate since November 2008…read the entire Freddie Mac mortgage rates article

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Nashville, TN Mortgage Rates Surge

Freddie Mac reports a surge in the 30-year fixed mortgage rate to a 25-week high of 5.29 percent during the week ended June 4, up from 4.91 percent the prior week. This is the second straight week of significant rate jumps, up almost 10 percent in just 2 weeks…read the complete Nashville, TN mortgage rate story

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Mortgage Rates Rise – HASP Program Fixed?

refinance rising mortgage rates Nashville

Freddie Mac reports that interest on most long-term mortgages rose this past week. According to the firm, 30-year fixed loans came in last week at an average rate of 4.91 percent, up from 4.82 percent a week earlier; while 15-year fixed mortgages settled at 4.53 percent compared to 4.50 percent over the same period. Interest was also higher on five-year adjustable-rate mortgages, which bumped up to 4.82 from 4.79; but the one-year ARM slipped down to 4.69 percent from 4.82 percent. Read more about Nashville mortgage rates and HASP

Past information on Nashville mortgage rates:
Mortgage Rates in Nashville Lower Again
Nashville Mortgage Rates Still Under 5%
Nashville Mortgage Rates Inch Upward
Nashville Mortgage Rates Continue Record Fall

GM Received $19.4 Billion in Bailouts Still Bankrupt

My thoughts about the news that GM has announced they are most likely going to file for Chapter 11 bankruptcy on Monday.

Okay, so let me get this straight. The American taxpayers gave GM $19.4 Billion dollars to put this economically inept company on life support for 6 months only to have them file the bankruptcy that they should have at the beginning of the year? Was it really that smart to buy GM time in the hopes that a miraculous restructuring could be negotiated with the bondholders and UAW without filing for bankruptcy? See more of my GM Bailout Money Rant post.

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