Interest rates this low sounds like the stuff homebuyers' dreams are made of; but this is reality! It is such an opportune time to be on the market for a great home and Austin, Cedar Park and Round Rock are no exception.
Don't let the fact that the first time homebuyers' credit has expired hinder you from exploring the fantastic listings that are available. In the long run, having low interest rates on your mortgage puts you at an even greater advantage than the federal tax credit.
According to the Wall Street Journal, "The 30-year fixed-rate mortgage averaged 4.57% for the week ended Thursday, down slightly from the prior week's 4.58% average and 5.2% a year ago. It is at the lowest point in (Freddie Mac's weekley) 39-year survey."
These record low mortgage rates should be inspiring you if you're in the position to buy a home.
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Shouldn't everyone be falling all over themselves to lock in a low interest rate?? Especially in Austin, where there are so many great properties for sale? So, in terms of real benefits, what does this boil down to for those of us who are looking to buy a home?
ReplyDeleteIt could mean you can buy way more house for way less money!!! You sure would think EVERYONE in the AUSTIN Cedar Park Round ROck Area would want to take advantage of these unbelievalbe LOW INTEREST RATES.
ReplyDeleteNice post.
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