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State of Texas Offers Two New Down Payment Options

TDHCA releases two downpayment-assistance programs
Texas homebuyers who qualify for the federal first-time buyer tax credit have two new programs from the Texas Department of Housing and Community Affairs that enable them to turn that credit into cash for a downpayment.

The 90-Day Down Payment Assistance Program enables buyers to receive 5% of the first-lien mortgage [...]

West Gate Blvd About To Connect With Itself

Construction begins next month to finally connect West Gate Blvd across that green area that currently is a dead end; if you are going south on West Gate from, for example, William Cannon Dr, you can’t drive all the way down to Slaughter LN, you have to make a crazy detour at on Cameron Loop [...]

Mortgage Interest Rates Increase Some More!

Look at the bright side, they are still 1% lower than they were 10 months ago, I won’t mention that they were about 2% lower in May of this year… Oops!
 
 
 
 
 
 
 
 
30 yr fixed              -  5.5%
15 yr fixed              -  4.875%
5  yr ARM               -  4.375%
30 yr FHA               -  5.5%
30 yr USDA            -   5.875%
30 yr VA                -   5.5%
30 [...]

Mortgage Interest Rates Increase Some More

Look at the bright side, they are still 1% lower than they were 10 months ago, I won’t mention that they were about 2% lower in May of this year… Oops! J

30 yr fixed              -  5.5%

15 yr fixed              -  4.875%

5  yr ARM               -  4.375%

30 yr FHA               -  5.5%

30 yr USDA            -   5.875%

30 yr VA                -   5.5%

30 yr [...]

Mortgage Interest Rates Increase Some More

Look at the bright side, they are still 1% lower than they were 10 months ago, I won’t mention that they were about 2% lower in May of this year… Oops! J

30 yr fixed              -  5.5%

15 yr fixed              -  4.875%

5  yr ARM               -  4.375%

30 yr FHA               -  5.5%

30 yr USDA            -   5.875%

30 yr VA                -   5.5%

30 yr [...]

Austin Area Market Statistics For May 2009

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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First Time Buyer Tax Credit May Get Even Better!

This article is posted on Realtor.org:
 
Congress Weighs Buyer Tax Credit Expansion
Legislation introduced in Congress Wednesday would expand the tax credit now limited to first-time homebuyers to any purchaser of a home and increase the maximum available to $15,000.

The tax credit passed earlier this year is limited to $8,000 and has income caps.
U.S. Sen. Johnny Isakson, [...]

Rates Are Still Creeping Back Up!

Here are the current rates:
 

 

 
30 Year Fixed:                         5.375    %
15 Year Fixed:                         4.875    %
FHA 30 Year                            5.5        %        
VA 30 Year:                            5.5        %
5 Yr ARM                                 4.375    %
Jumbo 30 Year Fixed:              5.75      %
Jumbo 5 Yr ARM:                    5.0        %
30 Year Home Equity:             5.5        %
 
 

Buy a home soon or you will [...]

100% Financing In Kyle, TX

Some of you area aware that the USDA Rural Housing Loan Program itself is out of money, but what you may not know is that a smart home builder, Main Street Homes managed to reserve some of those funds and they still have some of it left!
Main Street Homes’ Kyle, TX community, Post Oak, not only has [...]

Some Interesting Articles About Austin’s Economy

Looks like in spite of all of the economic issues around the USA, Austin is still growing!

AUSTIN LEADS IN BIG-CITY JOB GROWTH
AUSTIN (Austin American-Statesman) – The Austin area stood out for the third month in a row as the nation’s strongest job market among big cities, according to data released Wednesday by the Bureau of [...]