LONE STAR FINANCING

MORTGAGE BLOG

Insights, News and Company Updates
Low Mortgage Rates

Mortgage Rates Plunge to Lowest Level in Over a Year

Mortgage rates fell to their lowest level in over a year, a welcome development for the housing market.The average rate on the 30-year fixed-rate mortgage dropped to 6.47% from 6.73% last week, Freddie Mac reported on Thursday. A year ago, the average rate on a 30-year fixed-rate loan was 6.96%.Separately, the average

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3 Things to Negotiate when you buy a house

3 Things to Negotiate when Buying a House, Experts say

The housing market continues to be affected by elevated mortgage rates into 2024. In 2020 and 2021, when rates averaged 3.20% and 3.06%, homeowners opted to stay put and maintain their historically low interest rates. Many homebuyers are looking for ways to save money on their home purchase due to

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Buying Down Mortgage Rates

Buying Down Rates En Vogue As Higher Rates Persist Should I Buy Down My Interest Rate? Assuming the Federal Reserve cuts mortgage rates as investors expect, the housing market appears to be heading for a recovery this year. Borrowers may choose to buy down their interest rate when interest rates

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2024 Texas FHA Loan Limits

2024 Texas FHA Loan Limits

There is a limit to how much a homeowner can borrow with an FHA loan, a type of mortgage guaranteed by the Federal Housing Administration. FHA Loan limits in Texas are based on a percentage of the median home price in each county if you want to buy a home

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2024 Texas Mortgage Rates

2024 Texas Mortgage Rates Forecast

Lower Mortgage Rates Expected in Texas Amidst Promising Signals from the Fed. There appears to be an end in sight to rising mortgage rates, at least for the time being. Despite signs of receding inflation pressures and encouraging signals from the Federal Reserve, mortgage rates have dropped markedly in recent

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Everything You Need to Know About Refinancing Your Mortgage

Your house is a financial asset. If you’re a homeowner, you could be hearing about refinancing from everyone from your neighbors to television anchors. You may utilize your house to leverage your investment by refinancing. Many people choose to refinance for a variety of reasons, including taking cash out of

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How to Refinance a Reverse Mortgage The Ultimate Guide

How to Refinance a Reverse Mortgage: The Ultimate Guide

The process of refinancing a reverse mortgage is similar to that of traditional refinance. There are standard eligibility criteria set by mortgage lenders and certain steps to be followed.  In most cases, it helps stabilize the financial situation. However, it has consequences as well. So, understanding the basics of refinancing

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