Home Purchase Interest Rates At 40-Year Low!

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Freddie Mac reported on Aug. 18 that the 30-year fixed mortgage rate fell to 4.15 percent for the week from 4.32 percent the prior week, marking the lowest level since 1971. The 15-year fixed mortgage rate dropped to a new low of 3.36 percent. Joel Naroff of Naroff Economic Advisers says low mortgage rates will […]

Nashville Ranks 2nd Best College Town for Real Estate Investing

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According to a report from Move.com investors could soon outnumber traditional home purchasers by 3-to-1. “Nashville ranks No. 2 for the best college town real estate market behind Boston. Nashville’s median list price is $189,900  and the average rental rates for a two-bedroom unit cost $949 and $1,020 for a three or more bedroom unit. […]

REALTOR.COM Traffic Confirms the Website’s Popularity

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At Zeitlin, each of our agents has a “upgraded” REALTOR.com account. This means that system imports all of the MLS photos instead of the first four photos that come with a standard account. I’ve heard that only about 20% of local Nashville Realtors have this upgraded status, but I can ‘t confirm that number. There […]

Mortgage Interest Rate Fallout From Credit Rating Downgrade?

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Some analysts are concerned that the downgrade of the U.S. credit rating by Standard & Poor’s will result in a downgrade of Fannie Mae and Freddie Mac, which in turn could boost taxpayer losses or inflate mortgage rates. Others do not expect much fallout, given that the balance sheet of the U.S. government continues to […]