Where Are Interest Rates Going to Be Heading?



Today we are very excited to be joined by Yolanda Stewart, a Mortgage Loan Officer from F&M Bank with over 17 years of experience. She’s a retired military officer, and is here today to answer some of the most common questions we’ve been getting about loans and interest rates. Let’s start off with the big question we’ve been getting, what are the current interest rates?



Rates are dynamic, and always subject to change. They are also based on a buyer’s individual case. However, Yolanda currently offers rates as low as 3.25% for a 30-year fixed VA or FHA mortgage, and rates as low as 3.75% on conventional 30-year fixed loans.

Rates have held steady as of late, and have even dipped down in the last few weeks. Even people with fairly decent credit scores can take advantage of these low rates. We can get someone with a credit score of 600 or above that same 3.25% interest rate on a 30-year fixed mortgage.

Yolanda works with some of the top mortgage banks in the country, and it allows her to compete with anyone out there for the lowest price. She is a correspondent lender, meaning that she has met the criteria to function as an extension of the big banks, and offer rates even lower than they can.


There are many factors that affect interest rates, including things you can and can’t control. Inflation is one of those things you can’t control. If it’s high, rates will be high too. The same goes with home demand. When home demand picks up, so do interest rates.

There are, however, factors you can control. You should shop around for a rate, and don’t be afraid of doing so. When banks compete, you win. Protecting your credit and being mindful of your activity and credit card balances is also important. If you can keep them under 50% of the limit, it will keep your score low.

Although she doesn’t have a crystal ball to see into the future, Yolanda predicts that based on the most recent data and indicators, rates will hold steady at these historically low levels for the foreseeable future.

If you have any questions for us about this topic, don’t hesitate to give us a call or send us an email. We would love to hear from you!
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Location: Clarksville, TN, USA

What Makes Clarksville Such an Affordable Place to Own a Home?



To rent or to buy? That is the question for many people in the Clarksville area. There are a few things to consider.

As you know, we’re in a military market. If you’re military and have been renting, the military pays a portion of your rent. What most people don’t know, however, is that you could be using that money to purchase a home and probably spend less than what you’re spending now! Your allowance for quarters will, in many cases, cover your mortgage payment!

Even if you’re not military, it’s still beneficial to buy instead of rent. Interest rates are still incredibly low and, because rates are so high here, monthly mortgage payments are often less than the cost of rent!




If you have VA eligibility, which a lot of people do here, there is no down payment involved when buying a home! If you’re not eligible, there are still many great mortgage packages available for you! We work with some of the best lenders in the business, so we would love to help you find a financing option that works best for you.

Closing costs can sometimes come out to be as much as 4% of the sales price of the house. Here in Clarksville, being a military town, depending on what your offer is, sellers will actually pay those closing costs for you! This reinforces the fact that you can often purchase a home for much cheaper than it is to rent!

If you want to find out more about whether you’re eligible to purchase a home, please don’t hesitate to give us a call or shoot us an email. We would love to hear from you!
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Location: Clarksville, IN, USA

How Did Clarksville Real Estate Perform in 2015?



Today, we examine the 2015 real estate market and compare it to what we saw in 2014. Overall, we're seeing improvements in many places.

Home prices increased by 3% in 2015, and the median home price right now is $171,000. That's a very healthy level of appreciation. The average sales price in 2015 was $168,000, which is about a $5,000 increase from last year. The days on market increased in 2015 to 92 days from 89 days in 2014.
Overall, we suspect 2016 to be a great year in real estate. Interest rates are increasing, which will push a lot of extra buyers onto the market. You need to capitalize on this dynamic market. Contact me if you've been thinking of buying or selling!
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