Chris's Blog

The fed just cut the key interest rates again, now making prime 6%.  This was expected by all on wall street and should come as no surprise.  That makes a 2.25% fall in rates over the past few months, making everything from consumer loans and credit cards to Home Equity Lines of Credit a little c...

The Federal Reserve meets today and will decide on what to do about the key short term interest rates.  The stock market is expecting at least a .5% cut in the rate, which would put PRIME at 6%.  This rate only directly affects 2nd mortgages, and doesn't directly affect the long term interest rat...

It seems like every time I turn on the TV, open the paper, or get on-line, I am being bombarded with bad news about the Real Estate and Mortgage industries.  Last night on 60 minutes there was a 20 minute segment on the mortgage and real estate markets and how bad it is.  The thing is they were s...

Within the stimulus package proposed in Washington, there is a provision that would allow for the conforming loan limits to be raised from their current limit of 417,000 up to as much as 625,000.  This proposal states that the raise in limit would only last for 12 months, mainly to help borrowers...

According to Freddie Mac, the 30 year fixed rate mortgage is currently at 4 year lows!  This should certainly help those buyers who are "on the fence."  It is also a great time to refinance out of those ARM's or just lock in a super low rate.  Please let me know if I can help anyone out there.  W...

Whether looking for a bargain in the housing market or a good buying point to enter the stock market, right now is an excellent opportunity to buy both!!  The economy is cyclical and expands for a few years, and then has a contraction period.  But it has always bounced back after any downturn.  S...

As many of you probably already know, the Federal Reserve cut the short term interest rates today by .75%.  What this means to you is cheaper financing on 2nd mortgages and HELOCS.  Short term rate cuts do not always translate to a lowering in the long term rates, like the 30 yr fixed mortgages, ...

I just wanted to share some good news I recieved on the local Real Estate market here in TN.  The Nashville Davidson County area, as well as Wilson County, Williamson County, Sumner County and surrounding areas are still going strong.  This is evidenced by a memo that I recieved from one of my Na...

Happy New Year!  The new year is off and rolling now, so no more being lazy and watching football all day.  Well maybe on Sunday afternoons and the College Championship game on Monday.  WIth a new year comes new challenges and opportunities.  I've read that the vast majority of people in our prof...

Fannie Mae has announced that there will be higher rates and charges for borrowers with credit scores below 680. This will certainly affect the market, by making home payments less affordable for those without perfect credit.  It can be as much as .5% higher rate for someone with a 620 credit sco...