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Whitehouse, TX Real Estate News

Freddie Mac released the news that mortgage rates are the lowest since they started tracking it back in 1970. This week has seen rates that are 4.78% and holding. The Los Angeles Business Journal published an article relating information from Freddie Mac via The Washington Business Journal. For home buyers (who typically move every 5-7 years), this means that on a home priced at $200,000, this rate will drop their payment by $212 a month, or a savings of $2,500 a year! That's a good chunk of change- when you figure that over 5 years,it's over $10,000!! If you are thinking about buying a home this year- with the $8,000 Tax Credit, the mortgage rates at a 39-year low, high inventory of homes for sale, there's never been a better time! So, what are you waiting for? Let's go find that new h...
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