Local mortgage planner John Schutze gives his weekly market update: “Mortgage rates are down from last week!!!The chance for additional Treasury purchases by the Fed helped mortgage rates improve early this week. Stronger than expected economic growth data trimmed the gains later in the week. The net result was that Read more…
Local mortgage planner John Schutze gives his weekly market update: “Mortgage rates end the week unchanged from last week¦Slower than average economic growth and low inflation persuaded investors to purchase bonds, including mortgage-backed securities. Following three months of declines, mortgage rates appear to be settling into a range so far Read more…
The housing market in University Hills was under my microscope this morning. Is this somewhere that investors and buyers should be looking right now? The image below shows the currently active homes under $170,000. The red arrow means a price drop which has happened in 11 out of 17 active Read more…
Local mortgage planner John Schutze gives his weekly market update: “Mortgage rates inched up slightly as we end the week! In a highly anticipated speech Friday morning, Fed Chief Bernanke confirmed that economic growth has fallen below the expected levels in recent months. He also suggested that the Fed Read more…
If you look at the housing market in University Hills in East Austin, you’ll see that house prices span a wide range. There are foreclosed homes in the $120,000 range, and remodeled homes in the $250,000 and up range, with one home on Bradley Drive listed at $325,000. Why is Read more…
East Austin – You wouldn’t build a home without first putting down a solid foundation would you? It’s a phrase people bandy about with reckless abandon to illustrate their points about putting the groundwork in first. And in East Austin Realtor circles, and those who know University Hills in particular, Read more…