Buyers ~ Check Out These Historical Mortgage Rates

Are you on the fence about making the commitment to purchase a home in Austin, Texas? The question you should be asking yourself is not if you should purchase however how long will low mortgage rates last? Austin is booming, the costs of homes are rising and even faster the cost to rent is rising about 6% a year!  According to Forbes, Austin is the fastest growing city in America seeing almost 3% population growth rate in 2013. Even better the unemployment rate is only 4.9%!  With home prices on the rise and the median home sale price up $30,000 compared to last January 2012 and expected to rise another 3% in the next year according to Zillow.com there is no reason not to buy in Austin, Texas. Feel free to reach out to Michael Carpenter @ 512-522-6683 with any questions about finding your next AustinDowntownCondos.com! 

FHLMC Rates on 30 Year Fixed Rate Mortgages Over the Years

 

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