MORTGAGE RATES

Will recent low interest rates stunt future Austin move-up activity?

December 16, 2010

One of our buyers closed last month with a 3.87% interest rate. We saw many sub-4% loans the past several months, though rates have now climbed back above 4.6%. Let’s imagine hypothetical first time buyers with a toddler who closed this year with an interest rate below 4%. Fast forward 5 years to 2015 and [...]

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Mortgage Rates Drop Below 6%

September 12, 2008

Loan rates are back in the 5%s and may keep falling. I’m not sure if this will create any notable demand increases in Austin, but buyers and investors do at least perk up when rates drop below 6%. On the downside, the “number of loans” limit recently fell from 10 to 4, meaning if you [...]

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