Knox County Mortgage Rates Decline

Freddie Mac's Primary Mortgage Market Survey reported a decline in mortgage interest rates this past week The first drop in rates in the past five weeks. Rates on a 30-year fixed-rate mortgage averaged 6.69 percent, down from last week's 6.71 percent.

A drop in interest rates is always good news for Knox County home buyers, but it is especially good news during the spring/summer selling season when inventories are at their highest levels of the year and when the majority of buyers are looking to buy.

Thinking of buying a home? You can get a daily list of Knox County homes for sale as they hit the market. Simply, click here!

What's The Value Of Your Knox County Home?

There are any number of websites providing home valuations these days. Most of these are computer generated and depend on local tax records for their information. My experience with local tax record information is it is incorrect most of the time.

One of the many FREE services I provide is an online home valuation service. Your home valuation is provided by my well qualified, experienced Team who know our local market and have probably sold homes in your neighborhood. They know if there are train tracks running behind a property, if there are power lines overhead or if the woods behind the house are being cut down for a shopping center....all things that effect the value of your home.

All you need to do to get your accurate price valuation is visit my website, complete a form giving some basic information and we'll take care of the rest. Your valuation will be emailed to you. There is no obligation whatsoever, and best of all, the service is completely free! I hope you take advantage of it!

Knox County Mortgage Lenders Tighten Standards

MarketWatch.com reports Knox County mortgage lenders, as well as lenders around the country, are tightening underwriting requirements in response to the problems facing the subprime mortgage market. Subprime mortgages are loans used by the riskiest borrowers. A record number of foreclosures currently plagues this industry.

Lenders are limiting options even for the most creditworthy borrowers. They also are shying away from loans that cover 100% of a property's value and looking askance at cash-out refinancing requests.

Are you getting a mortgage to finance your new home? Visit my website or contact me at 740-397-7800 for a referral to a reputable, responsible and competitive lender.

Lower Interest Rates For Knox County Home Buyers

Knox County home buyers experienced lower interest rates this week according to the Primary Mortgage Market Survey conducted by FreddieMac.com. The weekly survey reported the average rate on a 30-year fixed-rate mortgage to be 6.14% compared to last week's 6.18%.
This is the third week of dropping rates and the lowest rate since the beginning of the year.

Lower interest rates is excellent news for home buyers. Traditionally, rates increase in the spring which is prime buying season for Knox County real estate. Inventory increases in the spring meaning there are more homes to choose from. Add to this lower rates and buyers will have their cake and eat it too.

Are you buying a home this spring? If so, visit my website to view all Knox County real estate listings and give me a call, 740-397-7800. I am at your service!