Historically low mortgage rates are allowing homeowners to pay down their mortgages at a faster rate — even if it means a substantial jump in their monthly payments.
Texas home owners are doing the math and realizing that rates have fallen enough so the increase in payment between a new 15-year mortgage and their current loan [...]

Filed under: Uncategorized | No Comments »

National average for a 30-year fixed loan dips to 4.58%. Mortgage rates have sunk to the lowest level in more than five decades- Mortgage company Freddie Mac said Thursday the average rate for 30-year fixed loans sank to 4.58 percent this week.
That’s down from the previous record of 4.69 percent set last week and the [...]

Filed under: Uncategorized | 2 Comments »

Mortgage rates are at historic lows -there is no better time to buy a home or refinance than right now!
As of Thursday May 27th 2010, mortgage rates have hit historic lows and fallen to the lowest level of the year. Current European turmoil has caused investors to pour money into the safe haven of U.S. [...]

Filed under: Uncategorized | 4 Comments »

Historically, owning a home has always been a good, sound investment and even though our economy is going through some rough times and home values have fluctuated the past year or two, owning a home continues to be a smart investment. A few reasons to support home purchasing as a good investment is due to [...]

Filed under: Uncategorized | No Comments »

On July 30, 2009 legislation went into effect that is impacting the timeliness in which Texas Mortgage Companies can close a mortgage loan.  This new law is called HERA which stands for new Housing and Economic Recovery Act. This piece of legislation is intended to protect the borrower from deceptive lending practices.  If your broker/lender is not educated [...]

Filed under: Uncategorized | No Comments »