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

Real Estate Slump End in Sight?

It’s the 10 trillion dollar question and there are quite a few opinions:

Over this past weekend, former NAR Chief Economist John Tuccillo posted a weblog entry (“Is the End in Sight?”) with a good analysis of several factors in the current economy and housing market. He seems generally hopeful…see the rest of the real estate slump end in sight story.

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Nationally Pending Home Sales Are Up
Nashville Real Estate Market Report February 2009
The Healthiest Housing Markets for 2009
Nashville Housing Inventory Declines
April Home Sales Data – Nashville, TN

Nashville Mortgage Rates Lower with Fed Action

Freddie Mac reports a decline in the 30-year fixed mortgage rate to 4.80 percent during the week ended April 23 from 4.82 percent the prior week, while average interest on 15-year fixed loans held steady at 4.48 percent. Experts attribute the drop in the 30-year rate to the Federal Reserve’s plan to purchase upwards of $750 billion in additional…see the rest of the Nashville mortgage rates and fed action article.

If you enjoyed this post, you might also like:
Slight Drop in Nashville Mortgage Rates
Mortgage Rates Drop, Again
Nashville Interest Rates Drop
Freddie Mac CFO Dead; Suicide Suspected

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