As we move deeper into the summer real estate season, many Tennessee homeowners and hopeful buyers are asking the same thing: Is now really the right time to make a move? Whether you're considering refinancing your current home or diving into the market to buy, the answer depends on your personal goals—and a few key market factors.

Let’s break down what you need to know this Thursday.

📉 Mortgage Rates: Still Worth Watching

Mortgage rates have seen some movement this summer, hovering near levels that are lower than last year but still higher than pre-pandemic norms. For homeowners with older loans (especially from before 2021), refinancing might still offer long-term savings—but only if you can lock in a significantly lower rate than your current one.

Tip: If your rate is over 6.5%, talk to a lender to compare what a refinance would look like today.

🏘️ Home Prices in Tennessee: Still Rising, But Slower

The Tennessee market continues to grow, but the frenzied price spikes of recent years have cooled a bit. This more stable growth gives buyers a slightly better chance at negotiation and breathing room when making offers.

Cities like Knoxville, Chattanooga, and Murfreesboro are seeing steady demand, particularly for single-family homes in good school districts and with energy-efficient upgrades.

📦 Life Changes = Financial Opportunity

Are you expecting a new addition to the family? Thinking of downsizing? Facing a job relocation? Real estate decisions often start with life events, not just rates or prices. If your life situation calls for a change, today's market still offers smart options—especially if you have equity in your current home.

💡 Refinance or Buy? Ask Yourself:

• Am I staying in this home for at least 5 more years?

• What is my current interest rate compared to today's?

• Do I need cash for a renovation or debt consolidation?

• Am I financially ready for the costs of buying a new home?

If you answered yes to any of these, it might be worth a conversation with a lender or real estate professional—before the weekend hits.

📊 Pro Tip: Crunch the Numbers

Use an online refinance calculator or get a free pre-approval to see how today’s numbers apply to your situation. Knowledge = confidence, and that’s what makes for a smart move in this market.

Final Thoughts

Whether you're looking to refinance for better terms or take that leap into homeownership, Thursday is the perfect day to get curious, run the numbers, and explore your options before the weekend rush begins. Real estate decisions don’t need to feel overwhelming when you have the right information—and the right team.

Ready to start the conversation? Reach out today and let’s explore your best move together!

Got questions or experiences with refinancing or buying this year? Drop them in the comments below—we’d love to hear your story.

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Partners Realty Group
📞 (865) 789 – 6677
"Helping you make confident moves, one smart decision at a time."