Kenneth Bargers Blog

In The News

Welcome to my blog! Enjoy these articles in reference to real estate, Greater Nashville area highlights, recipes and personal interests...

Why Home Sales Are Falling Against a Strong Economy

07/24/2019

Why Home Sales Are Falling Against a Strong Economy National Association of REALTORS® | July 24, 2019 Despite mortgage rates dipping below 4%, more jobs filled than ever before, and record-high consumer net worth, existing-home sales turned south in June, running at a pace similar to 2015 levels, the National Association of REALTORS® reported Tuesday. While economic indicators portend a strong housing market, low supply on the lower end—which leaves first-time home buyers with few options—is
Mortgage Rates Inch Up, But Buyers Are Still Getting Deals

07/19/2019

Mortgage Rates Inch Up, But Buyers Are Still Getting Deals Freddie Mac | July 19, 2019 After three weeks of mostly staying steady, average mortgage rates rose this week. However, rates still remain at multiyear lows, keeping borrowing costs low for those shopping for homes this summer. “The rise in rates was driven by continued improvement in consumer spending and partly due to optimism around a forthcoming cut in short-term interest rates, which should provide support for business and
Mortgage Rates Barely Budge From 3-Year Lows

07/12/2019

Mortgage Rates Barely Budge From 3-Year Lows Freddie Mac | July 12, 2019 After steady declines since the beginning of the year, mortgage rates appear to be leveling off. But that still bodes well for home buyers. “While rates have moderated, we’re still at nearly three-year lows, which is good news for buyers looking to purchase a home before school starts,” says Sam Khater, Freddie Mac’s chief economist. “The recent stabilization mortgage rates reflects modestly improving U.S. economic data
Buyers Aren’t Shying Away From Supersized Mortgages

07/11/2019

Buyers Aren’t Shying Away From Supersized Mortgages Mortgage Bankers Association | July 11, 2019 Borrowers found it easier to access credit in June, but it was jumbo mortgage credit that saw some of the highest growth. According to a new report from the Mortgage Bankers Association, jumbo loans—mortgages with higher debt—are on the rise and were easier to get in June than any other month in the past eight years. Jumbo mortgage credit rose for the sixth straight month, rising to its highest
Greater Nashville Stormy Weather Didn't Stop Home Sales in June

07/08/2019

Stormy Weather Didn’t Stop Home Sales in June Greater Nashville REALTORS®, Press Release | July 8, 2019 NASHVILLE, Tenn. (July 8, 2019) – There were 4,172 home closings reported for the month of June, according to figures provided by Greater Nashville REALTORS®. This figure is up 3.4 percent from the 4,036 closings reported for the same period last year. "Consumers are taking full advantage of our vibrant local and national economy," said Andrew Terrell, Greater Nashville REALTORS® president.
Low 30-Year Rates Keep Buyers in Summer Market

07/05/2019

Low 30-Year Rates Keep Buyers in Summer Market Freddie Mac | July 5, 2019 Mortgage rates barely budged this week, keeping borrowing costs low for summertime home shoppers. Mortgage rates continue to hover near their 2016 averages. “We’re seeing a tug of war happen as the fixed-income market flashes warning signs while the equities market continues to march higher with optimism,” says Sam Khater, Freddie Mac’s chief economist. “The data suggests the economy is weakening but is still on very

Kenneth Bargers

REALTOR®, Tennis Player, Titans, Vols, Preds & Braves Fan, Nashvillian...

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In The News

Why Home Sales Are Falling Against a Strong Economy

Mortgage Rates Inch Up, But Buyers Are Still Getting Deals

Mortgage Rates Barely Budge From 3-Year Lows

Buyers Aren’t Shying Away From Supersized Mortgages

Greater Nashville Stormy Weather Didn't Stop Home Sales in June

Low 30-Year Rates Keep Buyers in Summer Market

Have a Question?