Austin housing starts up 20% in first quarter
If economist look at the housing starts as an indication of how healthy the economy is doing then the Austin area continues to show signs of improvement. Eldon Rude of Metrostudy reports for the first 12-month period ending in March, the annual rate of housing starts was 6,380 homes which represents a 16 percent increase from the [...]
Increases in FHA Loan Costs are no April Fools.
Homebuyers who decide to purchase a home in March will save on the cost of an FHA loan! FHA will increase its annual mortgage insurance premiums (MIP) by 0.10 percent for loans under $625,500. Upfront premiums (UFMIP) will also increase by 0.75 percent. The increase is part of an ongoing effort to encourage the return [...]
Home Loans as Low as 3.875%
Pacesetter Homes, for a limited time, is offering a *3.875% interest rate on completed homes! What this mean to you, the homebuyer, is lower monthly payments or more buying power. Monthly payments on a $150,000 home for example, would be reduced by approximately $35 per month, or the lower interest rate can provide you with [...]
The Governments newly unveiled housing finance plan made the future for borrowers starkly clear:
It’s going to cost more to get a home loan: Interest rates on mortgages have increased in recent weeks, as Fannie Mae and Freddie Mac began adding risk fees to almost all of the loans they sponsor. Average rates on 30-year fixed rate-loans have already moved from 4.4 percent in November to 5.2 percent now, [...]
Borrower’s Payment Protection Plan – free for the first 12 months of your loan with Bank of America.
Although the real estate market in the Austin area is considered one of the best in the country, some potential home buyers still hesitate to take advantage of low interest rates and today’s low home prices, due to their concerns about the overall economy and how it may affect their job. If you are one [...]
Share your thoughts..