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.
My family and I have moved many times and have had several realtors in various locations. Jill Wente is hands... read moreMy family and I have moved many times and have had several realtors in various locations. Jill Wente is hands down the best real estate agent in Spring Texas and certainly the best we have ever used. She has represented us as a buyer and seller and then most recently a buyer again the Spring TX area. She helped us figure out what would fit our needs today and what our needs would be 5 and 10 years from now. She was always thinking about future resale value and guided us in the process of making a wise financial decision. She negotiated hard for us and treated our money as if it was her money. She was always available and worked around our schedule. If you are looking for someone with unparalleled knowledge of the Spring TX area look no further, she’s the one you want on your side. I LOVE our new home but if I ever move again, Jill Wente will be who I call. read less