Next Wednesday (3/31) is a monumental day for the mortgage industry. It is the day that the Federal Reserve has said it will stop buying mortgage-backed securities in an effort to keep mortgage rates low and bolster the housing market. The expected outcome of this move is an increase in interest rates which have been hovering around 5 percent this week for a 30 year fixed rate loan.
Category: Real Estate News
HAR Housing Report 2009 Released
Last week, the Houston Association of Realtors (HAR) released the year-end housing report for 2009. While home sales declined for the third year in a row in Houston, the worse appears to be over and a spring surge in home sales is predicted by real estate experts due to the home buyer tax credit and low mortgage rates.
Texas and Atascocita Top Destinations for Relocation
There is a popular bumper sticker that reads: “I wasn’t born in Texas, but got here as fast as I could.”
Recently released statistics confirm that Texas is still a prime relocation destination with Atascocita being one of the top choices in the state.