Wednesday, August 10, 2011

History in the Making

Turn on CNN or Fox News, and you're sure to be tuning into some debate or another regarding the current economic situation.  The state of things right now has people feeling a little EDGY, to say the least.  It's no wonder, either.  The S&P recently downgraded the US credit rating, and everywhere you look, it seems a finger is being pointed somewhere else.

BUT (and this is a big BUT, no pun intended), if there is one good thing happening today in our economy, it's this: mortgage interest rates are at HISTORICAL lows right now. 

REALLY low. 


Today's interest rate for a conventional, 30 year fixed mortage is 4.375%.  If that number didn't make you do a double take, it SHOULD.  Go ahead--take a big sip of your coffee, and read it again, because you read it right.  Today's interest rate on a conventional 30 year fixed rate mortgage is 4.375%.  FHA 30 year fixed rates are at 4.25%.  Are you a Veteran that currently resides in Texas?  You are eligible to lock in an interest rate at 3.99% through the Texas Veterans Land Board.  YES, that's 3.99%.

If you are thinking of buying a new home for you or your family, there has never been a better time.  Been toying with the idea of an investment property?  You couldn't pick a better time than now to make your move!  Thinking of selling?  It's a great time for you, too, because others will be taking advantage of these amazing interest rates.

For more information on on the Texas Veterans Land Board, click HERE.  If you have any other questions or are interested in starting your search, call us today!  210-566-6355

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