Real Estate
Nashville Utilizes Federal Grant to Save Neighborhoods
Last Updated on Tuesday, 09 February 2010 17:37 Written by holly Monday, 01 February 2010 18:56
Demetrice Fitzgerald’s family outgrew their three-bedroom brick home on Bromley Way, Unfortunately their home, appraised for around $176,000 three years ago, dipped in value to $135,000. Others on their street were having similar, if not worse, problems. Many neighborhood homes were in default, and that definately wasn’t going to help them sell theirs.
"The last thing we need on the street is a foreclosed-upon house," Fitzgerald said. Luckily in mid-January, her street became the first targeted by the city of Nashville as part of a federally funded program aimed at stabilizing and protecting neighborhoods from the growing problem of foreclosures.
Read more: Nashville Utilizes Federal Grant to Save Neighborhoods
Current Mortgage Rates, US Averages
| Product | Rate | Points | APR | Change |
|---|---|---|---|---|
| 30 year fixed | 4.87% | 0.83 | 5.00% | .001% |
| 20 year fixed | 4.71% | 0.43 | 4.83% | -.016% |
| 15 year fixed | 4.35% | 0.65 | 4.53% | -.001% |
| 5/1 ARM | 3.80% | 0.50 | 3.38% | -.008% |
