The Big Mortgage Rate Shift You Can’t Ignore 📉

In this newsletter, you’ll find:

• 📊 August Market Update!

• Sneak a peek into this beauty 👀

• The magic number ✨

• Just Dropped $15K!

• UPCOMING Fall Festivals 🍂

Let’s dive in! 👇

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Take a peek into 1119 Sparta Highway! 👀

Almost 3 acres near the lake with this updated home, resort like pool w/new liner, and guesthouse/shop + a soil test for another 3 bed home! Your main level offers an office, formal dining with built-ins, separate living with built-ins + a fireplace, an eat-in kitchen, + a newly heated/cooled finished sunroom with access to your pool area. Your primary suite is also on the main level and does not disappoint with trey ceilings, a tiled walk-in shower, 2 vanity areas, jetted XL tub, and spacious walk-in closet with his + her sides, as well as your own private screened in porch with a separate privacy fenced-in backyard. The 1/2 level on the opposite side of the home provides your other 3 well sized bedrooms with another bathroom. Just 8 min to Sligo Boat Dock or 10 mins to Four Season Marina. Updates include new composite siding, newer bosch gas range, large deep kitchen sink, HVAC Unit (2) paint, and newer wood flooring. Both surveys on file and selling UNDER appraisal value! 

Mortgage Rates: What Buyers Need to Know

Mortgage rates have been the talk of Tennessee real estate lately — and for good reason. After a weaker jobs report earlier this month, rates dipped to 6.55%, their lowest point this year. While experts don’t expect a dramatic drop anytime soon, small shifts like this show how quickly rates can react to the economy.

So, what’s the magic number? Many buyers are waiting for rates to hit 6%. According to the National Association of Realtors, if that happens, over 5 million more households could afford a median-priced home — and more than half a million people would likely buy within the year. That means when rates do fall further, competition will heat up fast.

Right now, though, buyers have a unique window of opportunity. Inventory is higher, prices are more balanced, and negotiations are possible. Waiting for lower rates could mean facing more competition and higher home prices down the road.

Bottom line: Rates may not hit 6% until next year. But if you’re looking for more choices and less pressure, now might be your best moment to make a move.