NORRIS LAKE RESOURCE CENTER

A December survey by Campbell Inside Mortgage Finance found that cash buyers are driving down home prices, with investors accounting for one out of three transactions last month. Nearly three-quarters of investor home purchases for the month were all-cash transactions. The poll also determined that cash buyers were able to make purchases at much ...

Freddie Mac reports that the 30-year fixed mortgage rate fell to a new low this past week, averaging 3.88 percent, which is down a notch from 3.89 percent a week earlier! The benchmark rate has been below 4 percent for seven straight weeks. Meanwhile, the average interest on 15-year loans bumped up to 3.17 percent from 3.16 percent last week. ...

During most of the winter, Norris Lake levels were above the typical winter pool levels of 995 feet above sea level.  This was primarily because of the heavy fall rains here and parts north of us.  But towards the end of winter and just before spring, the levels did go down for a short period.  We are now about 10 feet below the ...

Slowly  waking up with a cup of coffee and Headline News, I was staring out the window when I noticed a raptor of some sort flying over the lake.  Thought at first it was a vulture, but the white head and white tipped wings gave it away as one of the Bald Eagles.  He was dipping down to the lake, flying up high, dipping down to the ...

As I watch the news of mudslides, wildfires, earthquakes, tusnamis and other natural disasters, I feel blessed that we don't have those challenges in our lives here. While there have been earthquakes in TN, they are few and far between. According the the US Geological Servuce, the western part of Tennessee (500 miles from Norris Lake) was ...