We’ve seen quite the range of mortgage interest rates since 1976 from a peak of 16.63% in 1981 to a low of 2.96% in 2021. This graph visually shows how rates have fluctuated over the years: rates were below 5% from 4.69% in 2010 to 2.96% in 2021…a twelve year run with low rates. And, yes, rates have gone up since 2021, but we are not too far from the norm. Full article here: Historical...
You've probably heard the Federal Reserve (the Fed) is raising rates again. And if you're planning to buy or sell a house, you may be wondering what that means for you. With all the headlines, it’s easy to think the Fed sets mortgage rates. That’s actually a common myth. But the Fed’s decisions can still have an impact on them. Full article here: Myth vs. Reality: Does the Fed Control...
Mortgage rates haven’t moved much lately, but some would-be home buyers may be waiting on the sidelines based on misconceptions about mortgage rates, financing and what it really takes to buy a home. Full article here: What Buyers May Be Getting Wrong About Mortgage Rates (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the link/article above, please let me know...
You may have heard the number of homes for sale isn’t growing like it was. And maybe that has you worried you won’t find a home you love when it’s time to make your move. But that may be about to change. Here’s why your pool of options may actually start ticking back up again. Full article here: Higher Rates Could Actually Help Housing Supply – Here’s How. (512) 853-0110...
If you're waiting for mortgage rates to fall a lot before you buy, you may be waiting a while. But before you get discouraged, there's a number working behind the scenes that's actually good for you right now. It's called the spread, and once you understand it, you may see today’s rates in a whole new light. Full article here: Here’s Why Mortgage Rates Are What They Are Right Now (512)...
Imagine waiting a year to buy a home, only to find mortgage rates haven't changed much. That may sound frustrating. But it's a real possibility. A lot of people are putting their plans on hold because they believe much lower mortgage rates are right around the corner. Full article here: Thinking About Waiting for Lower Mortgage Rates? Read This First. (512) 853-0110...
Are we doing everything we can to help qualified buyers get into homes? The answer, if we are being honest, is no. Nearly 21% of home buyers wished they had known about down payment programs. Full article here: Down Payment Assistance Isn’t a Last Resort—It’s a Smart Financial Strategy (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the link/article above,...
Nearly half of Veterans (49%) feel homeownership is currently out of reach, according to a recent survey from NewDay USA. But many are closer than they think. And you might be, too. If you’re a Veteran, you probably know the Veterans Affairs (VA) home loan benefit exists – it's been around for over 80 years. What you might not know is what it actually covers. Three misconceptions trip up Veterans...
You may have seen the headlines lately about mortgage debt in America hitting a record high. And maybe your brother-in-law brought it up at the dinner table like he’s been waiting all week to spark a debate. Here's the thing. He's not wrong. But he only has half the story. And the half he's missing? It changes everything. Full article here: Record High Mortgage Debt Sounds Scary. Here’s What...
Every year, millions of people purchase homes or refinance existing mortgages. These mortgages—often of 30-year duration—allow households to reach the American dream of homeownership. This is a long, detailed article but it will answer most of your questions about mortgages. Full article here: Where Do Mortgage Rates Come From Anyway? (512) 853-0110 or robert@AustinTxHomeSales.com If...
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