Home buyers in Dallas continue to find that attractive mortgage rates are still available – and in fact, mortgage rates are still falling.
A recent study prepared by Freddie Mac, a government-sponsored entity, indicates that the benchmark 30 year rate dropped in one week from 5.21% to 5.07%. For home buyers, this drop of 0.14% translates to a a decrease in their mortgage payments of about $25 per month (assuming a $300,000 mortgage). All in all, mortgage rates remain historically low but have slightly increased from the all-time low of around 4.71% last year.
Interested in taking advantage of these low rates to purchase a new home? Start your home search with us, using our Advanced Dallas MLS Search software.
Not quite ready to buy? Keep an eye on the market in your specific neighborhood by browsing the newest homes for sale in Lakewood, Highland Park, Preston Hollow, Lake Highlands, Forest Hills, or any of the Dallas suburbs.
As always, feel free to contact us with any real estate questions. We’d love to hear from you!
