Austin Texas Real Estate

As everyone knows, the housing market has faced some critical times over the last couple of years. Home values in Austin have not been so devastatingly affected as in other areas of the country but what today’s market has created is a unique opportunity for homebuyers to purchase a home at a near rock-bottom price at interest rates that ...

This is some information that was provided to me by one of Austin's top mortgage brokers:As you may have noticed, interest rates on 30-yr fixed mortgages have really shot up over the last few days.  We have gone from 4.5% with 1 point on Thursday morning of last week, to 5.25% as of late this afternoon (Wednesday, May 27)! I have never ...

Freddie Mac announced on Friday January 23, 2009 that it would need an additional $30-35 billion in government aid to address losses on loans it has backed during the national financial crisis. This amount is in addition to the $13.8 billion the company has received after being taken over by the government in 2008. Freddie Mac said that its ...