The Fed Is Cutting Rates Soon. When Should I Buy?
The Federal Reserve is expected to lower interest rates at its meeting on September 17–18. Many homebuyers believe incorrectly that they can get a lower rate by waiting until a cut becomes official. The Fed is expected to cut interest rates in September. What does your research say about whether borrowers should wait to take […]
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 rate for the 15-year fixed […]
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 are high in order to […]
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 weeks after reaching a scorching […]
30-Year Mortgages: Everything You Need to Know
Speak with the best mortgage lenders in Texas to learn how a 30-year mortgage works. Contact Savant Lonestar today!
Fixed & Adjustable Mortgage Rates: Everything You Need to Know
When you’re considering taking out a mortgage loan, you must first determine which loan is best for you. Getting a clear understanding of different mortgage companies, types of mortgages, primarily Fixed Rate Mortgage or Adjustable Rate Mortgage, will help you plan and proceed accordingly. In addition, our experienced mortgage lenders in Texas can help you […]
How to Find the Best Mortgage Lender
Introduction Planning to purchase your first home but are struggling to find a mortgage lender? We have you covered! Buying a new home usually requires homeowners to take out a mortgage loan. Getting a great deal on your mortgage can be very beneficial to you and your family. You may want to find the lowest […]
Why find the best mortgage rates in Austin?
For the past decade, the capital city of Texas has been gaining in popularity as a great place to live and work. Austin has received accolades from organizations across the country ranging from “Live Music Capital of the World” to “Number 1 place in the US to start a business” to US News and World […]
How the Federal Reserve Affects Your Mortgage
This week, the Federal Reserve raised interest rates for the third time in 2018. This quarter-percentage rate increase brought the federal funds rate into the target range of 2 – 2.25 percent. The committee sets monetary policy, primarily by raising or lowering the Fed’s target for the federal funds rate, which is used as the […]
What’s the Difference Between Pre-Qualification and Pre-Approval?
Unfortunately, without proper preparation, many buyers get lulled into the mistaken notion that if a lender pre-qualifies them for a mortgage, it means that they have been pre-approved for the home loan. There’s a world of difference between these two terms. If you’ve ever been confused by the two, this will explain how they differ, […]
