According to Freddie Mac’s report, the fixed 30-year mortgage rate has increased to 4.51 percent, which is the highest increase in just a span of two years. This was after Fannie Mae’s survey revealed that 57 percent of respondents see the increase in mortgage rate over the next year. Despite this report, many home buyers are still going to mortgage lenders in Chattanooga, TN as they posit that today is the right opportunity to own a home. Home buyers see that today’s mortgage rates favorable, and they want to take advantage of the current rate before it gets higher than what they can afford. It could save them huge amount of money, if this would be the case. Fannie Mae’s survey said that 72 percent of people are on this same thought. Potential home buyers must consult reliable mortgage lenders, like Churchill Mortgage, to further discuss and understand the standing of the current rates and the payment terms beforehand.
http://chattanooga.churchillmortgage.com/industry-news/ways-to-tell-if-you-need-to-find-dependable-mortgage-lenders-in-chattanooga-tn-today/
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