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Updated Mortgage Rates

30 Year Fixed:                        4.875   %

15 Year Fixed:                        4.25     %

USDA 30 Year:                        5.25     %

FHA 30 Year                            4.75     %

VA 30 Year:                             5.0       %

5 Yr ARM                                 3.75     %

Jumbo 30 Year Fixed:            5.5       %

Jumbo 3 Yr ARM:                    4.0       %

30 Year Home Equity:            5.25     %

TDHCA Bond 70                      5.75     %

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

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Mortgage Rates Have Increased!

30 Year Fixed:                        5.125   %

15 Year Fixed:                        4.5       %

USDA 30 Year:                        5.375   %

FHA 30 Year                            5.0       %

VA 30 Year:                             5.25     %

5 Yr ARM                                 3.75     %

Jumbo 30 Year Fixed:            5.75     %

Jumbo 3 Yr ARM:                    4.125   %

30 Year Home Equity:            5.25     %

TDHCA Bond 70                      5.75     %

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

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Updated Mortgage Rates

30 Year Fixed:                        4.875   %

15 Year Fixed:                        4.25     %

USDA 30 Year:                        5.25     %

FHA 30 Year                            4.875   %

VA 30 Year:                             4.875   %

5 Yr ARM                                 3.75     %

Jumbo 30 Year Fixed:            5.625   %

Jumbo 3 Yr ARM:                    4.0       %

30 Year Home Equity:            5.0       %

TDHCA Bond 70                      5.75     %

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

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Search Austin Homes

Mortgage Rates With Little Changes

30 Year Fixed:                        4.875   %

15 Year Fixed:                        4.375   %

USDA 30 Year:                        5.25     %

FHA 30 Year                            4.875   %

VA 30 Year:                             4.875   %

5 Yr ARM                                 3.75     %

Jumbo 30 Year Fixed:            5.625   %

Jumbo 3 Yr ARM:                    4.0       %

30 Year Home Equity:            5.0       %

TDHCA Bond 70                      5.75     %

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

Contact Me

Search Austin Homes

Updated Mortgage Rates

30 Year Fixed:                        4.875   %

15 Year Fixed:                        4.375   %

USDA 30 Year:                        5.25     %

FHA 30 Year                            5.0       %

VA 30 Year:                             5.0       %

5 Yr ARM                                 3.75     %

Jumbo 30 Year Fixed:            5.75     %

Jumbo 3 Yr ARM:                    4.0       %

30 Year Home Equity:            5.0       %

TDHCA Bond 70                      5.75     %

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

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Search Austin Homes

Same Rates, Different Week

30 Year Fixed:                        5.0       %

15 Year Fixed:                        4.375   %

USDA 30 Year:                        5.25     %

FHA 30 Year                            5.0       %       

VA 30 Year:                             5.125   %

5 Yr ARM                                 3.875   %

Jumbo 30 Year Fixed:            5.875   %

Jumbo 3 Yr ARM:                    4.25     %

30 Year Home Equity:            5.125   %

TDHCA Bond 70                      5.75     %

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

Contact Me

Search Austin Homes

Mortgage Rates!

30 Year Fixed:                        5.0       %

15 Year Fixed:                        4.375   %

USDA 30 Year:                        5.25     %

FHA 30 Year                            5.0       %

VA 30 Year:                             5.125   %

5 Yr ARM                                 3.875   %

Jumbo 30 Year Fixed:            5.875   %

Jumbo 3 Yr ARM:                    4.25     %

30 Year Home Equity:            5.125   %

TDHCA Bond 70                      5.75     %

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

Contact Me

Search Austin Homes

New Higher Mortgage Rates!

It was bound to happen!

30 Year Fixed:        5.125%

15 Year Fixed:        4.5% 

5 Year Arm:            4.25%

30 YR FHA:            5.125%

30 YR USDA:         5.5%

30 YR VA:              5.25%

30 YR Jumbo:         6.125%

5 YR ARM Jumbo:  4.375%

TDHCA Bond 70      5.75%

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

Contact Me

Search Austin Homes

Mortage Rates Update and TDHCA Bond 74

South Austin HomesNotice the new addition to the list, the TDHCA Bond 74. This program is similar to a program that some of my buyers used in 2007, and will work well for first time buyers who only qualify for a higher interest rate. Buyers will need to stay in the property for a minimum period of time before they can sell.

Here is a quick quote from the program flier:

The Texas Department of Housing and Community Affairs (TDHCA) has made available -through its Texas First Time Homebuyer Program -financial assistance to help make homeownership affordable for low to moderate income first time homebuyers who have not owned a home within the last three years. Mortgage loan funds at competitive interest rates are now available for a limited time only through TDHCA’s expansive network of participating lenders.

Click here for more info.

30 Year Fixed:                        4.75     %

15 Year Fixed:                        4.25     %

USDA 30 Year:                        5.0       %

FHA 30 Year                            4.75     %       

VA 30 Year:                             4.75     %

5 Yr ARM                                 3.625   %

Jumbo 30 Year Fixed:            5.625   %

Jumbo 3 Yr ARM:                    4.25     %

30 Year Home Equity:            4.875   %

TDHCA Bond 74                      6.25     %

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

Rates courtesy of John Schutze

Contact Me

Search Austin Homes

Buying A Condo?

Are you planning to use FHA financing? If so, you should add an extra two or three weeks to your search time. Your loan officer has to send a package of paperwork about the loan and the condominium community to HUD for approval, this can take a while; one of our in house lenders sent a package in at the end of October and still hasn’t been approved.

Just a heads up!

 

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