Top
Follow Me
Mortgage Market Update

click for larger imageThe rate markets are under pressure again this morning. The recent spike in interest rates adds more confirmation to our forecasts that the lows in the interest rates markets are now in place and rates are unlikely to fall to new lows. The recent stampede to the safety of US treasuries became excessive; the run down in rates was mostly in treasuries but mortgage rates benefited as the outlook for the US economy hit new lows in July and August. A lot of concern the US economy would double dip and fall back into text book recession sent investors, both domestic and foreign, to the safety of bonds.  There just isn't much room left for improvement, but a lot of room for rate to go up.  I would Strongly advise capitalzing while you can.

Want to know more on how the Mortgage Market directly effects mortgage rates or need an explanation of the candlestick chart above? Send us an email and we'll gladly provide an in depth article.  Realtors, ask about a detailed presentation on the Mortgage Market at your next office meeting.

Account
« Merry Christmas from my family to yours! | Main | Rising Mortgage Rates »
Tuesday
Dec152009

Texas Veterans VA Loan @ 4.55% Fixed Rate

DateTuesday, December 15, 2009 at 10:55AM

Today’s mortgage spot-light is the Texas Veterans VA loan.   With the greatest benefits including ZERO down payment and the market’s lowest interest rates, it’s a true gem! 

  • Maximum loan amount $325,000
  • Base Rate 5.05%
  • 4.55% Special discounted rate for Veterans with 30%+ service connected disability
  • Fixed interest rates only
  • Listed Texas as the home of record at the time of entry into the military OR must have been a legal resident of Texas for at least 12 consecutive months immediately prior to filing an application OR be on active military duty, stationed in Texas, and have changed his/her state of legal residency to Texas.
  • Required down payment:  ZERO
  • Seller paid closing costs are accepted
  • All existing single family homes, condos, and town homes in the state of Texas are eligible
  • All new-construction housing must be ENERGY STAR labeled and certified.
  • Veteran must occupy the home with 90 days of closing and maintain the home as a primary residence for 3 years.

As a former military spouse, I greatly appreciate the dedication of our military.  I would be honored to assist you with your home financing needs!

AuthorPamela Crim | Comments Off |
tagged , , , in

PrintView Printer Friendly Version

EmailEmail Article to Friend