Austin Texas Team Real Estate Blog

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Mortgage Rates Lowest since 1970

Freddie Mac released the news that mortgage rates are the lowest since they started tracking it back in 1970.  This week has seen rates that are 4.78% and holding.  The Los Angeles Business Journal published an article relating information from Freddie Mac via The Washington Business Journal.

For Home Buyers this means on a home of $200,000 this rate will drop their payment by $212. a month or a savings of $2,500 a year.  That is a good sum of money and when you figure that over 5 years that is over $10,000.  Many people move every 5-7 years.

If you are thinking about buying a home this year, with the $8,000 Tax Credit, the mortgage rates at a 39year low, inventory supply of homes for sale high, what are you waiting for?  Lets go find that new home for you NOW.  Don't just be wishing you had bought that new home do it now ...  be proactive and save yourself a whole lot of money plus live your homeowner dream NOW.

Looking in South Austin, Dripping Springs, Kyle, Buda or other surrounding areas of Austin Texas?  Call me and I can help you find the right mortgage lender and the right HOME.  Gail Tassey 512-217-9482 http://.www.austincomeshome.com

South Austin Real Estate

Comment balloon 9 commentsSouth Austin Real Estate Blog • May 01 2009 08:29AM
Mortgage Rates Lowest since 1970
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Freddie Mac released the news that mortgage rates are the lowest since they started tracking it back in 1970. This week has seen rates that are 4. 78% and holding. The Los Angeles Business Journal published an article relating information from… more
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