If you have been sitting on the fence and waiting for the mortgage interest rates to go lower before purchasing a Spring Texas home, the time to ACT is NOW.
Last week after the FED announced they would purchase $600 Billion of Mortgage-Backed securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae, the mortgage interest rates dropped.
The move by the FED was designed to help increase the availability of credit while lowering the interest rate. And it certainly has lowered the interest rate. Not just by a fraction but by 1% from 6.5% to 5.5%.
Unlike a retail store that advertises a price for a certain period of time, interest rates are unpredictable and move on a daily basis. And to make matters worse, there is no one out there that can accurately predict how long the mortgage interest rates will stay at the low to middle five-percent range.
Thus if you are waiting for a good time to buy a Spring Texas home, the time is now. Get out there and purchase:
Jill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge... read moreJill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge and truly could not have chosen a better realtor to work with. Jill is professional and patient, she is an incredible resource who is 100% there for her clients at all times. We had a lot of questions and didn't want to pay any closing costs or prepaid costs out of pocket - Jill is a Master Certified Negotiation Expert and it SHOWS. We got exactly what we wanted at the price we wanted AND had several bonuses thrown in, including appliances and gutters. She was there for inspections/walk-throughs and kept in contact with our builder's salesperson as well. If you want a strong realtor who is also pleasant to work with (which I've learned is rare), then Jill is the realtor for you!! read less