Interest Rates in Central Texas

 

What’s happening with interest rates in Central Texas?

Hi everyone! The market is on the move. We predicted it; those interest rates rose from 3.25% to 4.75% in as little as just a month! Sadly, yesterday we had a client who didn’t qualify for the home she wanted because of that increase. It is important for buyers to move now before rates get any higher.

Now, I bought my home 35 years ago when interest rates were 8.75%. I late became a realtor when rates were 10% and during my career I saw as high as 22%! I begged my clients not to buy a home with a new loan with that rate!

The point I am trying to make is interest rates are still historically low; they are super fantastic! So, I encourage you to buy now! Don’t pay rent somewhere and give your money away. Buy your home!