30 Aug

Mortgage Rate Roundup

Rates this year have plummeted from the peaks of 2019. I spoke with a couple of mortgage loan originators this week to get the low down here. In East Tennessee you can get around 3 1/2% on a conventional 30 year fixed rate mortgage without buying down the rate. 15 year fixed are slightly above 3%. These rates are hovering around all time lows in the United States. 

Maybe you should consider buying a house in Denmark or Amsterdam though. Why? Mortgage rates there are getting really weird. Negative rate weird. They will pay you 1/2% to take out a mortgage in Denmark. Here's a link to the details in case you don't believe me. 



Before you start looking for a job and a house overseas, think about a couple of things. Taxes in Europe are out of control and so are home prices. 

Even if a move to Amsterdam isn't in the cards, you may want to call a mortgage originator and ask them to run your refinance numbers.
Read more...
Subscribe to this RSS feed

Lets Get Started

Help us understand where you are and where you want to be

  

Upload Documents Securely

      

Talk to us

  • 1 865 379-8200