Mortgage interest rates for loans on Spring Texas homes have been sitting at historical lows for quite a while now. Back in 2003 which is not that long ago, mortgage interest rates were 6.25% while today’s interest rates on 30-year loans are 4.25%. The lower the mortgage interest rate the more buying power you have.
But the interest rates can’t stay this ridiculously low forever. They are going to have to head back up. Before mortgage interest rates are back in the 6% range, it’s time for a refresher course on how lower interest rates increase your buying power.
The video was created by Prudential Locations out of Hawaii. Although I would love living in Hawaii, my pocketbook is happy I am living in Spring Texas. Because Spring Texas real estate is an absolute bargain compared to the prices of Hawaii real estate.
Jill Wente was exactly the realtor I needed. She is professional, experienced and focused on the end goal. She... read moreJill Wente was exactly the realtor I needed. She is professional, experienced and focused on the end goal. She knew exactly what needed to be done at the house to get the most attention when we started showing. Jill offered knowledgeable advice and pinpointed an approach that got my home sold quickly and at a great price! read less