What Are The Current Mortgage Interest Rates?

Multiple key mortgage rates moved higher today. The average for a 30-year fixed-rate mortgage trended upward, but the average rate on a 15-year fixed was down. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, trended upward.

Mortgage rates are in a constant state of flux, but overall, they are very low by historical standards. If you’re in the market for a mortgage, it could make sense to go ahead and lock if you see a rate you like. Just be sure to shop around.

Click here to view current mortgage interest rates!

Search For Homes In Austin Texas

Ready to start searching for a home in the Austin Texas area? Contact the Kent Redding Group today by calling us at (512) 306-1001…

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How to Get the Best Mortgage Interest Rate

One of the most important things to do before buying a home is to get the very best mortgage interest rate possible because a higher interest rate means you will be paying more for your home while a lower interest rate means that your payment will be more affordable.

If you have questions about how to get the best interest rate, this article will provide you with tips on what mortgage lenders are really looking for and how you can make the experience of buying a home more favorable for you.

Tip 1 – Start Monitoring Your Credit Score Now

Thankfully, you can indeed qualify for a mortgage loan with a credit score that’s as low as 580 but, if you want to qualify for the best loan possible you should start monitoring your credit score now…

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Should You Buy An Austin Texas Home During The 2nd Half Of 2018?

By The Kent Redding Group

Are you planning on buying a home but aren’t sure if you should buy one during the 2nd half of 2018 (June-Dec) or wait?

In this article we will provide you with several reasons to buy a home this year.

Mortgage Interest Rаtеѕ Arе Stіll Lоw

Aѕ of Mаrсh, thе Fеdеrаl Reserve has іmроѕеd ѕіx ԛuаrtеr-роіnt rate hіkеѕ ѕіnсе соmіng оut оf thе subprime mеltdоwn. Dереndіng оn when уоu rеаd thіѕ, thаt tally mау be seven. Thе Fеd wаѕ/іѕ lаrgеlу expected tо rаіѕе interest rаtеѕ аgаіn in mіd-Junе.

Thе average interest rаtе оn a 30-уеаr mоrtgаgе nоw ѕtаndѕ аt a 4.56%, mаtсhіng іtѕ multiyear реаk hіt bасk іn the fall of 2013. Thе 2016 low rаtе of around 3.4% іѕn’t еvеn a fаdіng memory аnуmоrе.

If current mortgage rates…

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Mortgage Interest Rates Are At A 7 Year High

By The Kent Redding Group

AUSTIN, TX. - Are you planning on buying or selling a home in Austin? If so, now is the perfect time because mortgage interest rates have reached a 7 year high and with summer right around the corner it's likely that we're going to see more rate increases this year.

How far can interest rates increase? It's anyone's guess. Thankfully, mortgage interest rates haven't even come close to where they've been historically during the last 15-30 years but a rate increase of .5 or 1 percent can mean a higher monthly payment and more money paid overall during the term of a 30 year mortgage.

Buying Frenzy

The average rate for a 30-year fixed mortgage jumped to 4.61 percent, up from 4.55 percent last week and the highest…

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Mortgage Interest Rates Are Rising – Should Buyers Act Now?

By the Kent Redding Group

AUSTIN, TX. – Have you been planning on buying a home? If so, now is the best time for you to make your move as mortgage interest rates have continued their gradual rise, making it costlier for many people to buy a home.

As of March 1st 2018, the average mortgage interest rate for a 30-year fixed mortgage loan is 4.43% and this is the highest mortgage interest rates have been since January 2014.

Strong Economy

Thanks to a strong economy and a positive economic outlook by many people in the Trump Administration it’s likely that we will continue to see rising mortgage interest rates in the years to come as everyone from the President on down to key economic advisors in his administration seem eager to embrace…

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Will Rising Interest Rates Affect the Austin Real Estate Market?

By the Kent Redding Group

AUSTIN, TX. – Back on June 14th 2017 the Federal Reserve raised interest rates by just a quarter of a percent and many have predicted that they are going to raise interest rates at least two more times in 2017.

Will rising interest rates affect the Austin Texas Real Estate market? The answer to this question is probably not.

Why?

30-year mortgage interest rates are still historically low at 3.9% and we have a long way to go before interest rates go back up to “normal” historical levels.

It’s also a fact that the Fed and mortgage rates often go in opposite directions so while the Fed continues to raise interest rates we could see mortgage rates stay low at least for the remainder of this year and beyond.

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