McKinney, Allen, Frisco, Plano TX real estate
Home affordability is higher than it's been at any time in recorded history. Today, home prices remain low and 30-year fixed rate mortgage rates now average 3.56% nationwide. And, at least for now, low downpayment mortgage products remain readily available. Six months from now, the markets may be different. We can't know for sure. All we … [Read more...]
With mortgage rates down to all-time lows, you can buy a lot more home for your money. Home affordability is at an all-time high. According to last week's Freddie Mac mortgage rate survey, the average 30-year fixed rate mortgage has dropped to 3.62% nationwide. This is down from 4.08% in March, and down from 4.60% from one year ago. Mortgage … [Read more...]
It's a money-saving time to be a Collin County home buyer. Historically, mortgage rates of all types -- conventional, FHA, VA and USDA -- have never been lower. And low mortgage rates make for low monthly payments. The average 30-year fixed rate mortgage fell to 3.67% nationwide last week for borrowers willing to pay 0.7 discount points at … [Read more...]
For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows. This week, "prime" mortgage applicants willing to pay 0.8 discount points plus closing costs can secure an average mortgage rate of 3.78%, according to Primary Mortgage Market Survey from Freddie Mac This is a small improvement in … [Read more...]
Falling mortgage rates and stagnant home prices are making a positive effect on home affordability nationwide. Never before in recorded history have so many homes been affordable to households earning a moderate annual income. Last week, the National Association of Home Builders reported the Home Opportunity Index at 77.5 -- its highest reading … [Read more...]
After a brief run-up two weeks ago, mortgage rates are back below 4 percent. It's good news for home buyers and mortgage rate shoppers of Allen because with lower mortgage rates come lower mortgage payments. According to Freddie Mac's weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage rate fell to 3.99 … [Read more...]
Information is deemed reliable but not guaranteed.
