As first time buyers are out shopping for discount homes in Austin, one question I get asked is can they use their government loan to buy a foreclosed home? In simple terms, and FHA loan is a mortgage insured by the Federal Housing Administration. They differ from conventional loans as Read more…
Austin mortgage planner John Schutze gives his weekley market update: œMortgage rates remain low and unchanged from last week! Mortgage rates were helped by increased demand from foreign investors for US 30 Yr Treasury Bonds (and mortgage bonds). Investors monitor foreign investment is US-based securities and when more foreign money Read more…
How long will the tax credit last, and what will happen when the deadline is reached? Sixty-nine per cent of the Austin housing market in Q2 2009 was homes under $300,000 – homes which broadly fit into the first time home buyer market. This is a pretty significant market which Read more…
There have been fewer home sales within Austin in the last few years – I don’t think that’s a surprise to anyone. And the under $300,000 price range is seeing the most activity now. When you see statistics pulled from the Austin MLS, you often see all of the Greater Read more…
Austin mortgage lender John Schutze gives a market update before the Labor Day weekend: œMortgage rates are down .125% this week! Helping to keep rates low, the unemployment report for August was released today at 9.7%. This is double what it was two years ago and is the highest level Read more…
Since June 1st, most homes sold in University Hills have been subject to mandatory energy audits. What does this mean for buyers and sellers in the area? If a home served by Austin Energy is over 10 years old and has not received $500 in energy efficiency rebates in the Read more…