Mortgage rates are rising these days, and it appears that they won't go down any time soon. Hence experts advised present and would-be homeowners to grab this opportunity and refinance or purchase their house. Nobody wants to be stuck with high mortgage payments especially when he can do something about it today. If you want to refinance, you'll enjoy either a lower interest rate or a shorter payment period in the near future. This makes a Chattanooga mortgage loan a lot convenient, particularly to first-time home buyers. Statistics show that 20 million mortgage rates in the country are currently above 4 percent. Since financial analysts believe that the trend will continue to rise, it's not a bad idea for homeowners to lock their rates at 4%.
http://chattanooga.churchillmortgage.com/industry-news/home-mortgage-in-chattanooga-homebuyers-seeking-advice-amid-likely-rate-hike/
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