Prices increase while new listings decrease in Chattanooga region

By HOM Editor

In October, mortgage rates increased slightly from the three-year lows seen in September. While the Federal Reserve reduced the federal-funds target rate by .25%, this decline was widely expected and largely factored into mortgage rates already, which are still approximately 1% lower than this time last year. Fannie Mae is predicting that continued low rates, and possibly lower rates, are expected in 2020.

For more details, see “October 2019 Market Statistics” from the Greater Chattanooga Association of REALTORS®.


0 Shares

Related Stories

Sign Our Petition To Congress

Remind your elected officials to focus on important homeowner specific programs that provide access to credit, important infrastructure development and flood insurance improvements.

Sign The Petition



MORE STORIES




LATEST INFOGRAPHIC