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.
Best Realtor Ever! I cannot harp on how wonderful Jill has been during my new home build purchase! She has... read moreBest Realtor Ever! I cannot harp on how wonderful Jill has been during my new home build purchase! She has gone above and beyond by attending every single meeting that I had (design center meeting, electrical, blue tape meeting, final acceptance meeting, closing). During the design appointment, Jill gave pointers on what upgrades would have the best resell value and how much I would see out of it. It was my first time going through the new home building process so it helped make the meeting way less stressful. Jill has been there for me every step of the process even after the closing! I truly have never met a more passionate, hard working individual! I would HIGHLY recommend! read less