If you’re financing a property purchase, you’ve probably come across the term points or discount points. Although there are other meanings, most often these terms refer to prepaid
How good are Interest Rates?
Rates for a 30-year fixed mortgage have hovered around 4% in the past week after hitting a 12-month high near 5% in November. While those tenths of a percentage point will matter to your clients’ monthly payments and how much they can afford, taking a step back can reveal just how inexpensive homebuying is right now.
Mortgage rates neared 19% in the Early 1980s before dropping off by the ’90s and staying under 10% since 1991. During the run-up to the housing crisis, rates for a 30-year mortgage neared 7% before reaching post-crisis lows of 3.31% in 2012.
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International Homebuying Activity Adds Nearly $8 Billion to Texas EconomyTexas ranked third in the nation for homes sold to international buyers from April 2018 to March 2019, according to the
Low mortgage rates are fueling more favorable opinions on home buying. Nearly two-thirds of Americans—or 63%—believe now is a good time to buy a home, shows the National Association of