Real Estate & Mortgage Industry News

San Antonio has been selected as one of eight cities by the Washington-based Brookings Institution to participate in the Metropolitan Export Exchange Program, aimed at boosting the city’s exports and attracting foreign investments. Great news for the economic development for the Alamo City.  Further news is that the Eagle Ford Shale is expected to last at least 16 years in the South Texas area. When more people are working, more are willing to spend.  That is why when communities invest in their future, such as San Antonio is doing now, can only result in a positive impact for the area.  What  happens in San Antonio/Austin, spills over into the Texas Hill Country as well.

Put October 19th-20th and October 26th-27th on your calendar to experience the Parade of Homes “All Across the Hill Country” in Horseshoe Bay/Fredericksburg,  16 beautiful new completely decorated homes and beautifully landscaped homes will be on display.  For more info go to:  www.hillcountrybuilders.or and www.bia-higthlandlakes.com.

 

Record low Mortgage rates are helping the Mortgage and Real Estate industries.  The 30 year fixed rate index dropped to yet another record low in the past two weeks to 3.36% and 2.69% for the 15 year fixed rate index.  Keep in mind that these rates include an origination fee and/or discounts points. Refinancing?  The Mortgage Banker Association’s Refinance Index hit its highest level since April 2009 in the week ended September 28, rising 20 percent from the previous week.  The jump in refinancing is attributed to the record low rates as well.  The question to ask yourself ( or someone you know)  is,  “are you going to take advantage of these low rates?”  I am even refinancing clients who to advantage of the times only  about three years ago when rates were considered low back then.  Whether you are considering buying a home or refinancing, doesn’t it feel good to know you got in at the right time? Or, are you……?

Sincerely,

 

Tony Stevenson

Senior Loan Officer, SWBC Mortgage Corporation

NMLS# 216213

SWBC
9311 San Pedro Avenue, Suite 100
San Antonio, Texas 78216

(210) 376-6133  –  Direct

(800) 460-6990  –  Toll Free

(210) 846-4666  –  Mobile