Home financing costs are at historic lows, making home ownership a reality for many first time buyers! Freddie Mac is reporting that the average commitment rate for a 30-year fixed rate loan was hovering around 4.64 percent at the end of May 2011. This is slightly below the 4.84 percent commitment rate available from the month before. Many experts see rate increases on the horizon, as our nation's housing markets improve and inventory stabilizes. If you are considering a home purchase or a refinance, be sure to work with a loan officer who understands your needs, has a reputation for excellence, and is able to fund your property in a timely manner. A little homework can save you thousands of dollars. Contact us today for our list of local recommended mortgage lenders.

Paula McDaniel
Cell: 423-355-0311
Fax: 423-598-7277


Shelley Talton
Licensed Assistant to Paula McDaniel
Direct: 423-308-5447
Prudential RealtyCenter.com
7522 E. Brainerd Rd.,
Chattanooga, TN 37421
Office: 423-899-5943

 

© 2011 Prudential Financial, Inc. and its related entities. An independently owned and operated broker member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license. Equal Housing Opportunity. Licensed in TN & GA.

 

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