Right now, the average 30yr fixed rate in the country has gone up to 6.875% with high credit scores and a large down payment, with many buyers hitting the 7’s. But don’t let that discourage you from buying! If you can tolerate a higher payment for a couple of years then you will be able to refinance once inflation comes down which will drop mortgage rates.
There is also a Temporary Buydown program that can lower your payment for the first two years of the loan to help with cash flow until it’s time to refinance. Give us a call and let’s discuss your options.
If you want to check your options, call us at (469) 451-6330.
MLS Stats
The market is shifting. It's slowing down. It's picking up. What a ride! We'll let the numbers speak for itself. Here are the county stats for the past 6 months!
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