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Assuming reasonably healthy economic conditions in the U.S. and internationally, mortgage rates will eventually rise. Sellers will continue to sell, and buyers will continue to buy, in virtually any interest rate environment, and rate changes will impact both. It is worth understanding and planning for, though. Continue reading
Last week the Federal Reserve raised the “Federal Funds Rate” after years of rumors that they would do so. The media got very busy discussing what that means for the economy, and for other interest rates that are important to consumers — including mortgage loans, but whether and when mortgage rate changes might happen has very little to do with the Federal Reserve Board. Continue reading
Much has been said over the past couple of years about housing affordability in the Austin area, and rightfully so. This is not hopeless, however. There are ways to address this trend, by allowing the addition of much more, and more varied housing stock throughout the area. Continue reading
Bill Morris on Austin Real Estate 