Real Estate Interest Rates Going Up in 2014 | Gay in Austin | A Relocation Guide for Gay People Moving to Austin, TX

Real Estate Interest Rates Going Up in 2014

Apr 16, 2014 Comments Off on Real Estate Interest Rates Going Up in 2014 by

If you’re considering moving to Austin, and more importantly buying a home, it is in your best interest to buy a home sooner than later. In 2012, home mortgage interest rates bottomed out and started climbing back up. While we’re still experiencing historically low rates, interest rates for the first quarter of 2014 are just over 1.3% higher than the lowest rate in 2012. Rates are expected to continue to go up and are hovering around 4.25% to 4.5%.

If you’re considering buying a home, we are recommending all our clients speak with Aaron Lee, at Bank of Texas Mortgage, to get an idea of what rates are going and what they could do to get their finances in a row. The sooner you can get your finances together, and pre-qualified, the sooner you may find your dream home in this active market.

Here are two other articles explaining what’s happening in Austin’s current real estate market.

Buying a Home: This Article Could Save You $25,000 or More

The Austin Real Estate Market is Back at it Again…

 

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About the author

To me, Austin is the perfect city. It combines culture and comfort, diversity and dining, and health and happiness. It is bursting with energy and filled with happiness. The people that live here are creative, friendly, down to earth, and eclectic. That's why I've made Austin my home. The pages of this blog are filled with my insight and experiences that have allowed me to discover the many facets of Austin, Texas. Although you'll create your own journey in Austin, use this as a guide to help you navigate your way through this amazing city. I'm a Broker Associate with Towers Realty and publisher of GayinAustinTexas.com. Find me on Facebook Have a Question? Contact me.
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