Interest Rates - East Texas Real Estate Services

Buying Myths, Downpayments, Financing, For Buyers, Housing Market, Interest Rates

Top 4 Factors to Consider When Choosing Your Mortgage

Buckle up, folks. Navigating the East Texas real estate market with today’s home prices and interest rates can feel a bit like trying to herd cats in a windstorm. 🌪️ But don’t let that deter you! 💪 Most homeowners eventually find a mortgage that fits them just right. 👍 In fact, a recent survey showed […]
Financing, First Time Home Buyers, For Buyers, Housing Market, Interest Rates, Interest Rates

East Texas: What’s Really Happening with Mortgage Rates?

Mortgage rates don’t move in a straight line. There are too many factors at play for that to happen. Instead, rates bounce around because they’re impacted by things like economic conditions, decisions from the Federal Reserve, and so much more. That means they might be up one day and down the next depending on what’s going on in the economy and the world as a whole.
Financing, First Time Home Buyers, For Buyers, Interest Rates

Thinking About Buying a Home?

If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, the list goes on and on. Most likely, home prices and mortgage rates are coming up […]
Financing, For Buyers, Interest Rates

How Inflation Affects Mortgage Rates

Even though a Federal Fund Rate hike by the Fed doesn’t directly dictate what happens with mortgage rates, it does have an impact. As a recent article from Fortune says:
Buying Myths, Financing, For Buyers, Interest Rates

How Changing Mortgage Rates Can Affect You

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power.