Real Estate News & Tips for Central Texas
Mortgage Rates Continue Lower
Mortgage rates continue the slow, bumpy process of healing from the rapid rise seen 2 weeks ago. Last week was a solid victory in that sense with rates moving steadily and meaningfully lower without any major rebounds. The present week started out on shakier footing as rates lurched higher on Monday
Mortgage Rates Pulled in Two Directions, But End Day Lower
Mortgage rates are an extension of the financial market, so it's no surprise that they've been more volatile than normal over the past few weeks as markets react to fiscal headlines. The latest dust-up involved Trump's criticism of Fed Chair Powell which resulted in higher rates over the weekend. No
Mortgage Rates Hold Almost Perfectly Steady
In not so many words, last week's thesis was that "no news was good news" for mortgage rates. Specifically, an absence of major, unexpected developments on the topic of tariffs and trade helped the underlying bond market retrace some of the recent steps. Those steps resulted in the highest rat
Mortgage Rates Jump Back Toward 7%
Last week was a hopeful one for interest rates. The average top tier 30yr fixed mortgage rate fell more than 0.20% from the previous week's highs as underlying markets took some solace in the absence of major trade war escalations. Despite the solid improvement, the outright level of rates rem
Mortgage Rates Edge Higher Today, But Lower on The Week
Mortgage rates managed to make a nice amount of progress this week after hitting the highest levels in roughly 2 months last Friday. The first 2 days of the week brought the most meaningful improvement and it's been slow going since then. In fact, today ended up going slowly in the other direction w
Mortgage Rates Extend Winning Streak as Familiar Pattern Returns
As markets digested implications of several fiscal policy changes over the past 2 months, a predictable trading pattern emerged. Stocks and interest rates moved lower together. This isn't always the way things work, but it is typical during moments where investors are rapidly shedding risk and seeki
Mortgage Rates Continue Lower Amid Calmer Financial Markets
Financial markets experienced relatively extreme volatility on several occasions following the April 2nd tariff announcements. The bonds that underlie mortgage rates were no exception, thus pushing rates higher at one of the fastest weekly paces in years. Things have been calmer so far this we
Mortgage Rates Fall Back Below 7%
Last Friday was notable in that it was the first day since February 19th where the average top tier 30yr fixed mortgage rate ended the day over 7%. Last week was also notable for ranking among the more abrupt weeks for rising rates over the past few years. Things are getting off to a friendlier star
Invest in your family with Home Ownership
Unlocking the Door to Home ownership with FHA’s "Kiddie Condo Loan" Do you have children heading off to college or are they looking to buy their first home? The Kiddie Condo loan might be the perfect solution for helping them establish early homeownership while benefiting from low down payments. Wit