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Houston area new home sales ease in April

Houston area new home sales ease in April

Sales of new homes in the Houston area flattened in April as the coronavirus caused a pause in activity, according to a new homes sales report from HomesUSA.com. Houston reported 1,350 new home sales based on a 12-month moving average in April, down slightly from 1,365 sales in March. Sales were also either slightly lower […]

Virus fears push mortgage rates even lower

Virus fears push mortgage rates even lower

The housing market picked up in March as buyers closed on 7,072 single-family homes. Demand for rental homes spiked 18.4 percent.Photo: Nancy Sarnoff / Houston Chronicle Fears of the COVID-19 coronavirus have driven already low interest rates even lower, sending mortgage rates to their lowest level in nearly a decade. The average interest on a […]

Low mortgage rates forecast for 2020

Low mortgage rates forecast for 2020

By R.A. Schuetz – Jan. 6, 2020 The average rate for a 30-year fixed-rate mortgage ended 2019 nearly a point lower than the previous year and low rates for home loans are expected to continue through 2020, according to forecasts. The government-sponsored mortgage company Freddie Mac said Thursday the rate for 30-year fixed mortgage averaged 3.72 […]