Mortgage rates for Chattanooga, Tennessee go down to 3.00%

Mortgage rates for Chattanooga, Tennessee on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Chattanooga, Tennessee is now at 4.56%.

Chattanooga Market Trends

Chattanooga is the fourth largest city in Tennessee and located close to the Georgia border. Chattanooga has used a plan to ensure that long range planning done in the city benefits visitors and residents alike. The downtown of the city is created so that people do not have to drive. Almost anything you need is within walking distance in that part of Chattanooga.

The average price/sqft was $106, a decrease of 0.9% compared to last year. The median sales price for homes for October 13 to January 14 was $129,450 based on 466 home sales. Compared to one year ago, the median home sales price decreased 3.4%, or $4,550, and the number of home sales increased 8.6%.

The average listing price for homes was $261,773 for the week ending January 1, which represents a decrease of 2.6%, or $6,953, compared to the previous week.

Notable communities in Chattanooga include North Chattanooga Neighborhood Association and Lookout Valley Neighborhood Association, with average home listing prices of $368,619 and $490,861.

Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified Chattanooga mortgage lender who can find you the right loan.

 

Lenders in: Chattanooga, Tennessee.