Andy Meek's July 16, 2013 article on Memphis Daily News discusses the almost 4 percent rise in mortgage rates in Shelby County. Described as “...the largest one-day jump in at least 10 years,” it's a market condition that hopes to rouse potential real estate buyers. The article cites the Federal Reserve's acquisition of $85 billion worth of mortgage-backed securities monthly as the cause for this boost. On one hand, rising mortgage rates can sound rather daunting, since current homeowners will be charged a bit more for their bills. However, higher rates often translate into higher real estate values that can really attract some people into purchasing lovely new homes for sale. To capture the good ones, buyers will need to work with a capable Tennessee home mortgage lender that offers flexible loans.
http://tennessee.churchillmortgage.com/industry-news/buying-better-despite-rate-hike-on-choosing-a-secure-tennessee-home-mortgage/
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