Knoxville Home Buyers Take Advantage of Long-Term Rates Closer to Record Low!

By
Real Estate Agent with Keller Williams Realty 302690

Long-Term Rates Closer to Record Low!

 

Thirty-year fixed mortgages moved closer to the all-time low of 4.82 percent reached in May, falling to 4.87 percent last week from 4.94 percent a week earlier, according to Freddie Mac. Homeowners who refinance have an opportunity to reduce their payment on a 30-year, fixed loan for $200,000 by nearly $134 a month from a year ago, when long-term rates averaged 5.94 percent. Also, 15-year loans fell to 4.33 percent, and five-year adjustable-rate mortgages dropped to 4.35 percent; but one-year ARMs rose to 4.53 percent.

 

Please visit my Knoxville Real Estate website or call me at 865-207-4283 for more info on local mortgage companies or local real estate information.

Posted by

Blake Rickels, Realtor

The Blake Rickels Group

Knoxville Realtor Blake Rickels 

KELLER WILLIAMS REALTY

CLICK HERE TO SEARCH for "Knoxville Homes For Sale"

Each office is independently owned & operated

 

 

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