{"id":385,"date":"2025-03-19T20:30:53","date_gmt":"2025-03-19T20:30:53","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/crer\/?p=385"},"modified":"2025-10-22T21:02:00","modified_gmt":"2025-10-22T21:02:00","slug":"home-loan-interest-rates-could-rise-to-11-5-under-tennessee-bill","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/crer\/2025\/03\/19\/home-loan-interest-rates-could-rise-to-11-5-under-tennessee-bill\/","title":{"rendered":"3\/18\/25: Home Loan Interest Rates Could Rise to 11.5% under Tennessee Bill"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"948\" height=\"631\" src=\"https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/03\/Screenshot-2025-03-19-161614.png\" alt=\"\" class=\"wp-image-386\" style=\"width:383px;height:auto\" srcset=\"https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/03\/Screenshot-2025-03-19-161614.png 948w, https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/03\/Screenshot-2025-03-19-161614-768x511.png 768w, https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/03\/Screenshot-2025-03-19-161614-580x386.png 580w, https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/03\/Screenshot-2025-03-19-161614-610x406.png 610w\" sizes=\"auto, (max-width: 948px) 100vw, 948px\" \/><\/figure><\/div>\n\n\n<p>In a story on NewsChannel 9 in Chattanooga, <a href=\"https:\/\/www.utc.edu\/gary-w-rollins-college-of-business\/crer\/people#HowardJWallDirectorandChiefEconomist\">CRER director Howard Wall<\/a> gave his perspective on a proposal in the Tennessee legislature to change the method for calculating the maximum mortgage rate that can be charged in the state. The bill would peg the maximum mortgage interest rate at four percentage points above the average prime offer rate on a 30-year fixed rate loan. Under current law, the maximum mortgage rate would be set at 4 percentage points above the rate for 30-year Treasury Bills.<\/p>\n\n\n\n<p>Wall explained that the bill should result in a higher maximum rate. He also said that the only people who would be affected by the change are those who would not be able to get a mortgage otherwise, and that it would probably only affect second mortgages. This jibes with the claim from the bill&#8217;s sponsor that the change will create greater opportunities for borrowers.<\/p>\n\n\n\n<p><a href=\"https:\/\/newschannel9.com\/news\/local\/home-loan-interest-rates-could-rise-to-115-under-tennessee-bill-sparking-buyer-concerns\">Watch the story here.<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a story on NewsChannel 9 in Chattanooga, CRER director Howard Wall gave his perspective on a proposal in the Tennessee legislature to change the method for calculating the maximum mortgage rate that can be charged in the state. The bill would peg the maximum mortgage interest rate at four percentage points above the average&hellip; <\/p>\n<p class=\"more-link-wrap\"><span><a class=\"more-link button text\" href=\"https:\/\/blogarchive.utc.edu\/crer\/2025\/03\/19\/home-loan-interest-rates-could-rise-to-11-5-under-tennessee-bill\/\"><span>Continue Reading <\/span><\/a><\/span><\/p>\n","protected":false},"author":2009,"featured_media":386,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-385","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-media","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3\/18\/25: Home Loan Interest Rates Could Rise to 11.5% under Tennessee Bill - Center for Regional Economic Research Archive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogarchive.utc.edu\/crer\/2025\/03\/19\/home-loan-interest-rates-could-rise-to-11-5-under-tennessee-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3\/18\/25: Home Loan Interest Rates Could Rise to 11.5% under Tennessee Bill - Center for Regional Economic Research Archive\" \/>\n<meta property=\"og:description\" content=\"In a story on NewsChannel 9 in Chattanooga, CRER director Howard Wall gave his perspective on a proposal in the Tennessee legislature to change the method for calculating the maximum mortgage rate that can be charged in the state. The bill would peg the maximum mortgage interest rate at four percentage points above the average&hellip; Continue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogarchive.utc.edu\/crer\/2025\/03\/19\/home-loan-interest-rates-could-rise-to-11-5-under-tennessee-bill\/\" \/>\n<meta property=\"og:site_name\" content=\"Center for Regional Economic Research Archive\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-19T20:30:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-22T21:02:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/03\/Screenshot-2025-03-19-161614.png\" \/>\n\t<meta property=\"og:image:width\" content=\"948\" \/>\n\t<meta property=\"og:image:height\" content=\"631\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Howard Wall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Howard Wall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogarchive.utc.edu\/crer\/2025\/03\/19\/home-loan-interest-rates-could-rise-to-11-5-under-tennessee-bill\/\",\"url\":\"https:\/\/blogarchive.utc.edu\/crer\/2025\/03\/19\/home-loan-interest-rates-could-rise-to-11-5-under-tennessee-bill\/\",\"name\":\"3\/18\/25: Home Loan Interest Rates Could Rise to 11.5% under Tennessee Bill - 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