The rate for a 30-year fixed rate mortgage seems to be playing a game of limbo. Less than 60 days ago, mortgage rates hit a new 50 year low when they averaged a paltry 4.15%. This week, the interest rate for a 30-year fixed rate mortgage hit a new low when it dipped below 4% for the first time ever.
Times certainly have changed from when I purchased my first home in the early 1990s. Back then the interest rate on a 30-year mortgage was 10%. Did I think the interest rate was high? No. I was thrilled to be buying my first home and thus I agreed to pay the interest.
I have said it before and I will say it again, now is the time to buy a Spring Texas home. If you have job security (whatever that means anymore) and you can qualify for a loan, don’t put off home ownership. Unlike cars, you won’t see homes being offered with 0% financing options but 4% is pretty darn close.
Let’s start searching for your Spring Texas home this weekend. The weather is going to be great. Give us a call at 281.300.3141 or 281.804.8626 and let’s find you a home so you can take advantage of these historically low interest rates.
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