Mortgage rates are low, which is great news for buyers in our market.
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The COVID-19 pandemic has changed our lives in many ways, including how we view real estate. Many people are looking to buy different types of homes right now—perhaps they need more bedrooms, or a larger yard, or a room they can convert into a home office. In any case, the definition of ‘dream home’ has changed.
The good news is that our Central Texas real estate market is doing very well. Our cost of living is low, as are interest rates. In fact, rates are so low that we’d all be well-advised to start buying rental properties along with our regular homes.
To talk more about mortgage rates and their impact on the market, I’ve invited Cyd West of First Community Mortgage to join me in today’s video. Feel free to watch our discussion in its entirety in the video above or use these timestamps to skip around to various sections at your leisure:
2:10—Nearly any borrower can secure a rate between 2% and 3%
3:03—In addition to buying, now is a great time to make financial changes to your loan
3:22—How long does it take to close on a loan right now?
3:48—Can First Community Mortgage process loans in all states?
5:02—Why now is too good of an opportunity to pass up
6:04—Wrapping things up
If you’d like to know more about our Central Texas real estate market or you’re thinking of buying or selling soon, don’t hesitate to reach out to me. I’m here to help.
