Most homebuyers take out a 30-year fixed-rate mortgage, often with a down payment of around 20%. At Houston's median home value and.
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Hurricanes can disrupt sales and mortgage rates can be skewed by freaky bond-market action. Nearly every month, MarketWatch gets asked some variation of “Why isn’t Houston in the index?” from a.
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In the end, Nothaft concluded, Houston’s housing market depends on how the local economy fares in the upcoming year and how high mortgage rates will rise. "Which one wins out is hard to say.".
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A for sale sign stands outside a home on the market. As mortgage rates have fallen, more people have been applying to be pre-approved for loans, an early sign of what could be a strong season for home.
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Long-term mortgage rates have continued to decline, according to Freddie Mac. Mortgage rates began rising significantly in September, bringing fears in the Houston market as the region’s sales fell 6.