For the first time this year, the Federal Reserve cut its short-term interest rate by a quarter point. And while mortgage rates did drop this week, continuing a recent trend, some hopeful home buyers may have been expecting deeper cuts in response to the Fed’s long-anticipated move. Full article here: Why Didn’t Mortgage Rates Fall More After the Fed Rate Cut? (512) 853-0110...
You want mortgage rates to fall – and they've started to. But is it going to last? And how low will they go? Experts say there’s room for rates to come down even more over the next year. And one of the leading indicators to watch is the 10-year treasury yield. Here's why. Full article here: Why Experts Say Mortgage Rates Should Ease Over the Next Year (512) 853-0110...
Waiting for interest rates to drop when looking for a home A while back, I penned a piece here on this particular site telling a story about a longtime friend who was preapproved for a mortgage before rates started to jump but she waited too long and the rates had moved to a point where she could no longer qualify. Fortunately, she had the assets to be able to put more down therefore borrowing less....
Mortgage rates in September trended lower as the bond market priced in expectations of rate cuts by the Federal Reserve. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.35%, 24 basis points (bps) lower than August. Falling mortgage rates have already shown an impact on housing activity. New single-family home sales in August jumped 20.5% from the previous month. Full article...
You’ve been waiting for what feels like forever for mortgage rates to finally budge. And recently they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. Full article here: Mortgage Rates Just Saw Their Biggest Drop in a Year (512) 853-0110...
Buyers remain highly sensitive to interest rates. Many blame today’s rates for a subpar selling season, and economists say that when rates begin to fall, a wave of pent-up demand could be unleashed, potentially driving a surge in home sales. Full article here: What Mortgage Rate Will Get More Buyers Moving? (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the...
Despite the current attention around buyers paying all-cash for homes, the majority of home buyers finance their home purchase. Among primary residence buyers, 74% percent financed their home purchase, a share that rises to 91% among first-time buyers. When financing a home, buyers typically have a down payment. But how much is it? And where does it come from? Full article here: Tackling Home...
This might come as a surprise, but you don’t actually need to put down 20% on your home. In fact, for first-time homebuyers, the average down payment is just 8% — and it’s possible to put down even less. But how does the math shake out in your monthly mortgage payments? Full article here: The Math Behind Putting Down Less Than 20% (512) 853-0110 or robert@AustinTxHomeSales.com If...
Homebuyers who purchase newly built homes are typically saving about half a percentage point on their mortgage rate, likely due to incentives from homebuilders, new research has found. Last year, the average mortgage rate for buyers of new-construction homes was 6.1%, compared with an average of 6.6% for buyers of previously owned homes. Full article here: Mortgage Rates for New Homes Are Typically...
If you think you need to make a down payment of at least 20% to buy a home, you're not alone. In fact, a Freddie Mac survey found that nearly one-third of prospective homebuyers think the same. Contrary to popular belief, the typical homebuyer makes a down payment between 5% and 20% of the purchase price, and some mortgage programs make it possible to put down as little as 3%. Full article here: Do...
Compare listings
Compare