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Lone Star Recession Recap: Austin Housing Market

The skyline in Austin never stopped morphing during the recession. Startups are flocking to the city, as well as hip heavyweights like Facebook and Google (who have both set up offices in Austin recently). Add in longtime employment hubs like Dell, plus employment anchors like the state government and the University of Texas (sources that are both stable and dynamic — meaning lots of people moving in and out, creating all sorts of real estate opportunities), and you’ve got a robust city determined to roll right through the recession.

Recession Pt. II: How Could It Effect Housing?

Here’s something amazing: interest rates on U.S. Treasury bonds have gotten so low, so cheap, that if you invest in them (widely considered the safest investment you can make), there’s a good chance you’ll end up earning less in interest than the rate of inflation. On a five year bond, for example, you’d lose .75 percent.

Deal or No Deal: Home Interest Rates Possibilities

Without getting into politics, let’s take a look at how the success or failure of the debt ceiling negotiations these next couple weeks could affect the Dallas housing market. For better or for worse, what happens in Washington effects everyone — especially, as we detailed a few weeks ago, when it comes to Texas home interest rates.

Banks Bailing on Reverse Mortgage Market. We're Not.

Let’s say you’ve spent years and years building up equity in your home, and steadily seen its value rise. But suddenly, in the wake of the recession, you’re facing a cash-strapped retirement. Normally, a reverse mortgage would be a great way to turn that equity into a stress-free future.

 
 

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Current Rates

As of Tuesday, December 6, 2016
  • VA Purchase
    30 Year Fixed
    4.500
    Rate
    %
    4.667
    APR
    %
  • Rate/Term Refinance
    30 Year Fixed
    4.375
    Rate
    %
    4.435
    APR
    %
  • Rate/Term Refinance
    15 Year Fixed
    3.750
    Rate
    %
    3.889
    APR
    %
  • Cash Out Refinance
    30 Year Fixed
    4.875
    Rate
    %
    4.964
    APR
    %
  • FHA Purchase
    30 Year Fixed
    4.375
    Rate
    %
    5.134
    APR
    %


Rate Conditions

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