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.
Simply put, Jill is superlative.
Jill is personable, straight forward, focused and wise in the market.
Her marketing approach was thorough and... read moreSimply put, Jill is superlative.
Jill is personable, straight forward, focused and wise in the market.
Her marketing approach was thorough and comprehensive, her pre-market prep advice was honest, straight forward, and exactly spot on for the house to move quickly. Once listed, her no-nonsense approach meant that the house sold IN THREE DAYS, with minimal negotiation.
HIGHLY RECOMMENDED read less