Reader question:

How are the rates for North Dallas Texas Real Estate?

Joan

Thanks for asking, Joan.

As the year winds down, applications for home loans have been growing fo North Dallas Texas real estate, even while applications in other states have been dropping as foreclosures rise. This is part of the luck of Texas, that it hasn’t been hit quite so hard by the housing crisis as many other areas have, which has resulted in a housing market that is still booming.

At the same time as the applications are rising, though, so are the rates for North Dallas Texas real estate loans. For people looking at 30 year mortgages with a fixed rates, the rates on loans went up two .2 percentage points. For people with a 15 year term FRM, they rose one percentage point. For 1 year adjustable rate mortgage loans, it rose by .2 percentage points.

Cheers,

Fashun Guadarrama.

Tags: real estate texas, real estate texas austin, real estate texas coast, real estate texas dallas, real estate texas fort worth, real estate texas hill country, real estate texas land, real estate texas license