Lower Interest Rates Are Heating Up The Housing Market

Wednesday, April 3, 2019 - by Kim Bass, president, Greater Chattanooga Realtors
The spring buying season is off to a strong start thanks to an unexpectedly large drop in mortgage rates. According to Joel Kan, Mortgage Bankers associate vice president of Economic and Industry Forecasting, “Purchase applications jumped six percent and refinance applications surged over 12 percent." He also points out that rates have dropped across all loan types, and the 30-year fixed-rate mortgage is now more than 70 basis points below last November's peak.

In other words, if you were on the fence about purchasing property because of higher interest rates, it might be time to move.
Literally.

Now more than ever, it’s important to know what kind of property you can purchase, and where your money can buy the most house. Realtors call it “purchasing power.” Realtor.com has a multitude of tools available to the public to help potential homeowners understand what type of property can be purchased within their budget.

When potential buyers consult with realtors, they can rest assured that their realtor will let them know of these important swings in interest rates and other integral purchasing information. Buyers shouldn’t sleep on these decreased interest rates, because acting now could potentially save property owners thousands of dollars over the life of their loan. 

We realtors keep our clients informed so they can get the most for their money—That’s Who We R.

All of these items are aligning to make our annual Greater Chattanooga Realtors’ Open House Weekend on April 27-28 very exciting. Details for this annual event to showcase the local inventory of available homes will be coming soon.




TVA Employees Teach Girls To Be UnBought And UnBossed

Form Based Code Committee Does Not Allow Large Building Signs For Westside Village

New Condo Project Planned On Hill Above Cherokee Boulevard In North Chattanooga


Two TVA employees were recently honored by Girls Inc. at the UnBought and UnBossed Awards. Nicci Brewer and Kayla Verner-Dingle were recognized for their career achievements and community ... (click for more)

The Form Based Code Committee decided on Thursday not to allow rooftop signs on two buildings that are part of the Westside Village in the southern portion of downtown around Chestnut and Pine ... (click for more)

A new condo project is planned on a hill above Cherokee Boulevard in North Chattanooga. The project will have 26 condo units with space for 52 parking spots beneath three stories of condos. ... (click for more)


Real Estate

TVA Employees Teach Girls To Be UnBought And UnBossed

Two TVA employees were recently honored by Girls Inc. at the UnBought and UnBossed Awards. Nicci Brewer and Kayla Verner-Dingle were recognized for their career achievements and community involvement, which have positively impacted the lives of young women. Ms. Verner-Dingle is a TVA nuclear engineer who volunteers with the Girls Inc. Bookworm Program, Chattanooga Girls Leadership ... (click for more)

Form Based Code Committee Does Not Allow Large Building Signs For Westside Village

The Form Based Code Committee decided on Thursday not to allow rooftop signs on two buildings that are part of the Westside Village in the southern portion of downtown around Chestnut and Pine streets. One request was to put a sign that said Old Gilman Grill across the top of one of the Westside Village buildings at 216 W. 8th Street. The sign was to have been placed on screening ... (click for more)

Breaking News

SoCon Freshman Of The Year Who Left UTC Will Play For TCU

Kevin Easley, who announced he was leaving UTC after being named the Southern Conference Freshman of the Year, said he will be transferring to Texas Christian University. Easley will be eligible to play in the 2020-2021 season. He made the announcement on his personal Twitter account. Easley, at 6'6" and 223 pounds, was the first Chattanooga men's basketball student-athlete ... (click for more)

Dalton Police Department Seeks Suspects In Car Break-Ins

The Dalton Police Department is seeking help from the public to identify two men who broke into three vehicles parked at the Planet Fitness gym on Walnut Avenue. There have been several car break-ins in this parking lot over the past year because people using the gym often leave valuables inside of their cars instead of taking them inside. The suspects in these three break-ins ... (click for more)

Opinion

Why Does Walden Need A Large Grocery Store? - And Response (2)

The town of Walden has a population of 2,118 people. What do those citizens need with a 49,000 square foot grocery store? Or with 10,000 square feet of commercial office space? Or a fuel island? Or increased tractor trailer traffic with proportional damage to the road up and down the mountain? Or multiple traffic lights at the “W” Road intersection and at Timesville Road? When ... (click for more)

Roy Exum: This Ain’t Gonna’ Work

When Governor Bill Lee talks about education, or the lack of it, I’ll listen. He’s the guy who, when he found his newly-hired employees were wanting, his thriving Lee Company in Nashville started its own vocational school and paid them to learn. The investment was brilliant and the outcome obvious. But now comes the bigger gamble, vouchers for some and, for others, charter schools ... (click for more)