If you’ve served in the military (or if your spouse has), you have access to one of the most powerful homebuying tools out there. The chance to buy a home without having a down payment. Unfortunately, 70% of Veterans (that's 7 out of every 10) don’t know about this benefit, according to Veterans United. Full article here: The VA Home Loan Advantage: What Every Veteran Should Know Right...
To fully understand the current state of the U.S. housing market, it’s essential to consider several major economic developments over the past few years. In 2022, inflation surged dramatically, prompting the Federal Reserve to raise the federal funds rate in an effort to curb consumer spending by making loans and credit more costly. Fannie Mae reports on a change coming soon for mortgage rates and...
Looking Ahead: Easing Rates and a Potential Market Rebound In recent months, there have been signs of a potential rebound in the housing market. Following the Federal Reserve’s rate cut in September 2025, mortgage rates fell below 6.5% for the first time this year. With additional Fed rate cuts expected in the coming quarters, lower borrowing costs and improving inventory levels could stimulate...
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...
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