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.




Thrivent Financial Partners With Habitat For Humanity Of Greater Chattanooga On Faith Build House

Luken Sells Property For Red Wolves Stadium Site For $4.4 Million

Real Estate Transfers For July 4-10


Habitat for Humanity of Greater Chattanooga is partnering with Thrivent Financial on a home that will be built by members of Chattanooga’s faith-based community. Located at 2026 Bachman Ave., ... (click for more)

Businessman Henry Luken has sold 61 acres by I-75 at the site of a planned Red Wolves soccer complex for $4.4 million. Red Wolves owner Bob Martino is leading the development that is in East ... (click for more)

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding ... (click for more)


Real Estate

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Anthony de Mello, a Jesuit monk before he died in 1972, would have us to believe, “I was neurotic for years. I was anxious and depressed and selfish. Everyone kept telling me to change. I resented them and I agreed with them, and I wanted to change, but simply couldn't, no matter how hard I tried. “Then one day someone said to me, “Don't change. I love you just as you are,” Tony ... (click for more)