New Home Sales Increase In November

CNNMoney.com reports an increase in new home sales in November. While not near the record breaking pace of 2005, November sales were 7 percent higher than in July, the lowest month for sales year-to-date.

Inventories are still at record highs, but the tide may have turned in the new home market. Read the full story...

7 Mortgage Tips For 2007

BankRate.com has just released it's 7 smart mortgage moves for 2007 whether you already have a mortgage or are considering getting one. Read the full article to learn about the benefits of making pre-payments to paying mortgage insurance rather than getting a piggyback mortgage.

Contact me if you would like to talk with a reputable mortgage lender. I can recommend a lender who will provide you with superior products and service.

Tax Deduction Created For Mortgage Insurance

Mortgage insurance is one of those fees that borrowers hate, but lenders love. to a borrower, it is throwing money down the drain. The a lender, it is minimizing his risk. The insurance is charged on private and government home loans if the down payment is less than 20 percent. Legislation just passed by Congress will allow us to deduct the mortgage insurance premium on our tax returns. Full story...

The Knox County Real Estate Podcast

Don't miss this month's podcast covering Knox County real estate market trends, as well as, how to navigate buying and selling in the midst of the upcoming holidays and featuring special guest Terri Murphy of US Learning.

Interest Rates Decline For Fifth Week

FreddieMac.com reports long term interest rates declined this week for the fifth consecutive week. The average rate on a 30-year fixed rate mortgage is 6.14 percent for the week ending Nov. 30. Down from 6.18 percent last week.

Rates like this make buying a new home for Christmas a great idea. Visit KnoxCountyListings to view all the homes and all the information, 24 hours a day...without having to speak to an agent.