Business Network New York
Companies:51,220
Products and Services:2,549
Articles and publications:26,074 (+5)
Tenders & Vacancies:17

Middle Tennessee Mortgage Lenders Share Why Now is the Ideal Time to Buy a Home
Information may not be reliable

8/17/2018
Rising Interest Rates Can Impact Your Home-Buying Efforts

Murfreesboro, TN - August 17, 2018 - The economy is strong and unemployment is low, both signs that creeping interest rates will continue their upward climb. In the last three days, both the Chicago and Richmond Federal Reserve Bank Presidents indicated more interest rate hikes on the horizon for 2018.

 

According to Michael Daugherty of MidTNMortgages.com, “The Federal Reserve described the United States economy as strong last Wednesday which puts a rate hike in September above 90% according to those economists surveyed.  This could put additional pressure on the front end of the curve where the spread between the 2yr treasury (2.67%) and the 10yr treasury (3.00%) is already considerably tight at 33 basis points. The probability of another interest rate hike in December is currently at 65%.”

 

If you have been on the fence about when to make a purchase, buying your home now is ideal for two reasons. First, to lock in the lower interest rate. This could mean potential savings of thousands of dollars over the life of your mortgage loan. Even a small interest rate hike will impact your monthly payment.

 

Kelly Cearing of KellyLeads.com says, “With rates on the rise, you want to be sure you are with a lender you trust to get you in the appropriate lending product and best rate for your transaction.”

 

The second reason to buy before interest rates go up is to qualify for as much home as possible. As rates rise, the amount of loan you can qualify for reduces, sometimes significantly. It can mean the difference between being approved for a $300,000 home or a $250,000 home depending on the current rate. In a market with lower inventory available to choose from, having more flexibility in your purchase price could make a huge difference in getting exactly what you want.

 

About:

Kelly Cearing, NMLS# 15556, is a mortgage lender with First National Bank in Murfreesboro, TN.

Michael Daugherty, NMLS# 1233387, is a mortgage lender with First Community Mortgage in Manchester, TN.

view all (930)

Other articles and publications:

Cannamazoo Now Offering the Top Cannabis Concentrates in Michigan Cannamazoo Now Offering the Top Cannabis Concentrates in Michigan
Information has not been updated for a long time
Cannamazoo Now Offering the Top Cannabis Concentrates in Michigan
10/30/2021
Southern Stairlifts Offers Great Mobility Solutions for Home Living
3/30/2021
SEO Company Bliss Drive Shares Why Equipment Traders Should Invest in SEO Experts
1/4/2019
Commercial Direct, a new division of Silver Hill Funding, a commercial mortgage lender, today announced its official launch of a new educational website InvestmentProperty. Loans .
6/19/2018
A Hair Salon Fairfield CT Can Rave About!
Information may not be reliable
ASH Hair Salon Announces It’s Grand Opening This August 20th, 2019 With A 20% OFF All New Clients Offer!
8/22/2019
All Camping Tents Offers Best Advice on All Your Camping Needs
1/27/2020

Articles and publications of other companies:

Your Cheating Wife: How to Save your Marriage If Your Wife Cheats
Information has not been updated for a long time
Your marriage may be in crisis right now. There’s still time to save the marriage, even if you cheat on your wife. You have to remember that she is still with you for the time being.
9/10/2021
Podcasting - The Latest Internet Trend - Why you should invest in it!
Information has not been updated for a long time
Podcasting can be used in the same manner as blogging. Some blogs are as professional and well-thought out as a book or magazine article, while others are quick and simple as a Twitter post.
9/13/2021
Are Floating Cork Floors Right for Your Home?
Information may not be reliable
If you have not heard about floating cork floors until now, you probably do not know much about the many advantages that they have to offer.
11/5/2018
Opting for CDL Truck Rental Sacramento
Information may not be reliable
If you are wondering why you should invest in CDL truck rental Sacramento, you should know that this a good option when you need to take the test after completing Class B CDL training.
11/12/2018
What to Expect from Banks Winston Salem NC
Information may not be reliable
Even if you have opted for the services of banks Winston Salem NC before, there are certainly some interesting facts that you might not know about..
12/17/2018
Requirements for WoW private servers
Information may not be reliable
Playing a great game you will fall in love with over the web is not that easy.
2/5/2019
Business details
  • +1 (916241) 547-7
  • CA
Its a SEO Company of California with best services
×