Lubbock New Homes, Mortgage Refinance News and Rates
Lubbock’s new home construction market is already correcting itself
http://lubbockonline.com/stories/072008/bus_306795306.shtml
Sunday, July 20, 2008
Story last updated at 7/20/2008 - 1:58 am
John Sweeney just wishes the noise would stop.
From problems at mortgage giants FannieMae and FredieMac to the nation’s subprime meltdown, Sweeney said a daily dose of financial battering just doesn’t reflect what’s going on in Lubbock.
Mortgage Refinance Rates in Texas–are home loans still low?
Texas Mortgage Rates: Are home loan still low in Texas?
Refinancing is the practice of paying off an existing loan by obtaining a new loan. The rationale behind refinancing is to benefit from the interest rate on the new loan compared to the one on the existing loan. This helps keep down the interest paid on the mortgage and reduces the monthly mortgage payment.
Complete a free mortgage application or call 512.996.8194 for a no-obligation mortgage quote.
Homeowners in Texas who have taken mortgage loans at high interest rates usually take advantage of the refinance opportunities available across the state. A difference of couple of percentage points in interest rates can make a substantial difference to mortgage loans that are of a long-term duration. (Read on …)